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Question
Bender Corporation had sales of $250,000 last year. They had operating costs of $100,000, an interest expense of $15,000, and had an average tax 32%. Assuming Bender wants to have a 60% payout ratio and has 1,000 shares outstanding, what is Bender's expected dividend per share?
a. $235.00
b. $102.00
c. $91.80
d. $55.08
Answer
This answer is hidden. It contains 176 characters.
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