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30 May, 03:59

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 income. What dividend per share should it declare? a. $2.14 b. $2.50 c. $2.26 d. $2.63 e. $2.38

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  1. 30 May, 04:07
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    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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