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Question
herman corporation had net income of $160,000 and paid dividends of $40,000 to common stockholders and $20,000 to preferred stockholders in 2012. herman corporations common stockholders equity at the beginning and end of 2012 was $450,000 and $550,000, respectively. herman corporations payout ratio for 2012 is
a.$5 per share
b.25%
c.20%
d.12.5%
Answer
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