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Question
Zonvier, Inc. has sales of $53,800, a profit margin of 10.5 percent, and a plowback ratio of 40 percent. The company has 15,000 shares of stock outstanding. The firm uses the percentage of sales method for pro forma statements and estimates next year's sales will increase by 15 percent.What is the dividend per share expected to be next year?
A. $0.249
B. $0.250
C. $0.260
D. $0.268
E. $0.274
Answer
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