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Question
ferman corporation had net income of $200,000 and paid dividends of $50,000 to common stockholders and $20,000 to preferred stockholders in 2012. ferman corporations common stockholders equity at the beginning and end of 2012 was $870,000 and $1,130,000, respectively. ferman corporations payout ratio for 2012 was
a.$5 per share
b.35%
c.25%
d.10%
Answer
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