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Groeneweg Corporation Has Provided the Following Data

Question 56

Multiple Choice

Groeneweg Corporation has provided the following data:
Groeneweg Corporation has provided the following data: Dividends on common stock during Year 2 totaled $4,500.The market price of common stock at the end of Year 2 was $9.45 per share.The company's dividend payout ratio for Year 2 is closest to: A) 8.7% B) 13.4% C) 4.5% D) 1.0% Dividends on common stock during Year 2 totaled $4,500.The market price of common stock at the end of Year 2 was $9.45 per share.The company's dividend payout ratio for Year 2 is closest to:


A) 8.7%
B) 13.4%
C) 4.5%
D) 1.0%

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