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san4es73 [151]
3 years ago
6

Helmuth Inc's latest net income was $1,250,000, and it had 225,000 shares outstanding. The company wants to pay out 45% of its i

ncome. What dividend per share should it declare? a. $2.14 b. $2.50 c. $2.26 d. $2.63 e. $2.38
Business
1 answer:
QveST [7]3 years ago
4 0

Answer:

b. $2.50

Explanation:

Dividend paid = 45%*12,50,000

                        = $562500

dividend per share = 562500/225000

                                = $2.50

Therefore, The dividend per share should it declare is $2.50

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