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O'Hara's Market Has Net Income of $1

Question 24

Multiple Choice

O'Hara's Market has net income of $1.6 million and 525,000 shares of stock outstanding.What is the amount of the dividends per share if the plowback ratio is 60 percent?


A) $0.94
B) $1.07
C) $1.22
D) $1.67
E) $1.98

Correct Answer:

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