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Lucas Inc Earned $15 Million Last Year and Retained $6 Million

Question 94

Multiple Choice

Lucas Inc. earned $15 million last year and retained $6 million. Lucas has 5 million shares outstanding, and the current price of Lucas shares is $30 per share. What is the dividend payout ratio?


A) 2.67%
B) 4%
C) 40%
D) 60%

Correct Answer:

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