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Groeneweg Corporation Has Provided the Following Data

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Groeneweg Corporation has provided the following data:
Groeneweg Corporation has provided the following data:   Dividends on common stock during Year 2 totaled $4,500.The market price of common stock at the end of Year 2 was $9.45 per share.The company's dividend payout ratio for Year 2 is closest to: A)  8.7% B)  13.4% C)  4.5% D)  1.0% Dividends on common stock during Year 2 totaled $4,500.The market price of common stock at the end of Year 2 was $9.45 per share.The company's dividend payout ratio for Year 2 is closest to:


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