A Wall Street Journal quotation for a company has the following values: Div: $1.12, PE: 18.3, Close: $37.22. Calculate the approximate dividend payout ratio for the company. Multiple Choice   45 percent   18 percent   55 percent   35 percent

Cornerstones of Financial Accounting
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Chapter10: Stockholder's Equity
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Problem 38CE: Stockholder Payout Ratios The following information pertains to Milo Mindbender Corporation:...
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Wall Street Journal quotation for a company has the following values: Div: $1.12, PE: 18.3, Close: $37.22. Calculate the approximate dividend payout ratio for the company.

Multiple Choice
  •  
    45 percent
  •  
    18 percent
  •  
    55 percent
  •  
    35 percent
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