Random Dating Corp A)$036
B)$0

question 24

Multiple Choice

Random Dating Corp. operates a number of online dating services such as truelove.com, hookup.com and rebound.com. Random sets its dividend using the target payout ratio policy. Selected financial data for Random is provided in the table below. Random is trying to set the dividend for the coming year (Year 2) . What dividend should be offered if EPS is expected to remain at $1.80? Selected Financial Information
Random Dating Corp.
Year 1
$$\begin{array} { | c | c | } \hline \text { Dividend per share } & \$ 0.55 \\\hline \text { Target payout ratio } & 20 \% \\\hline \text { Earnings per share } & \$ 1.80 \\\hline \text { Adjustment Factor } & 0.1 \\\hline\end{array}$$

• A)$0.36
• B)$0.40
• C)$0.45
• D)$0.55
• E)$1.00

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Unions

Organizations formed by workers to advocate for their rights, benefits, and interests within the workplace.

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Legislation that specifies public holidays and the rights of employees regarding these days off.

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