17.89, is this an option?
Retention ratio = (net income - dividends) / net income
retention ratio = (20,000 - 6000) / 20000 = 14,000/20,000 = 0.7 = 70%
P(sum = 6) = 5/36 ; P(sum = 12) = 1/36
expected payoff = (5/36)(5) + (1/36)(9) = $0.94
He rowed 10 miles in total. YOU'RE WELCOME :D
Answer:
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