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Question
hermann corporation had net income of $200,000 and paid dividends to common stockholders of $50,000 in 2012. the weighted average number of shares outstanding in 2012 was 50,000 shares. hermann corporation's common stock is selling for $50 per share on the new york stock exchange. hermann corporation's payout ratio for 2012 is
a.$5 per share
b.20%
c.25%
d.10%
Answer
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