The Pioneer Corporation has a target capital structure that consists of 55% debt and 45% equity. Pioneer's capital budget next year will be $10,000,000. Given that the company follows a residual dividend policy and its most recent yearly net income is $6,000,000, determine the Pioneer's dividend payout ratio. a. 12%b. 38%c. 47%d. 25%
+2
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “The Pioneer Corporation has a target capital structure that consists of 55% debt and 45% equity. Pioneer's capital budget next year will be ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Home » Business » The Pioneer Corporation has a target capital structure that consists of 55% debt and 45% equity. Pioneer's capital budget next year will be $10,000,000.