[Solved] A Waterloo Firm with Net Income of $500,000 Pays 48

Question 31
Multiple Choice

A Waterloo firm with net income of $500,000 pays 48% of net income out in dividends. If the firm has 150,000 shares of common stock outstanding, what is the dividend paid per share of stock?

A) $0.30
B) $1.44
C) $1.60
D) $1.73
E) $3.33

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