Given the Following Data: Earnings Per Share = $5; Dividends

question 24

Multiple Choice

Given the following data: Earnings per share = $5; Dividends per share = $3; Price per share = $50. Calculate the payout ratio:

• A) 10%
• B) 5%
• C) 60%
• D) None of the above

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Definitions:

Rivers And Harbors Appropriation Act

A series of United States federal laws, first enacted in the late 19th century, regulating the development and management of rivers, harbors, and related waterways.

Navigable Waters

Bodies of water that are legally recognized as being suitable for public transportation and commerce.

Clean Air Act

A landmark piece of U.S. federal legislation passed to control air pollution on a national level, regulating emissions from both stationary and mobile sources.

Wetlands

Areas of land saturated with water, either seasonally or permanently, which play a crucial role in the ecosystem.