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Miley Corporation Had Net Income of €250,000 and Paid Dividends

question 32

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Miley Corporation had net income of €250,000 and paid dividends to ordinary shareholders of €50,000 in 2014. The weighted average number of shares outstanding in 2014 was 50,000 shares. Miley Corporation's ordinary shares are selling for €40 per share on the New York Stock Exchange. Miley Corporation's payout ratio for 2014 is

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