Nova Earned $7

question 53

Multiple Choice

Nova earned $7.20 per share and maintains a stable payout ratio of 60%. Nova has 1,000,000 shares outstanding and a capital budget of $5 million. If Nova maintains a debt ratio of 0.50, what were the dividends per share?

• A) $4.32
• B) $2.88
• C) $2.20
• D) Cannot be determined from the information provided

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