Dexter's Has a Fixed Dividend Payout Ratio of 40 Percent,current

question 12

Multiple Choice

Dexter's has a fixed dividend payout ratio of 40 percent,current net income of $5,200,total assets of $56,400,and total equity of $21,600.Given this information,what estimate would you use as the dividend growth rate if the last dividend paid was $.464 per share?

• A)9.63 percent
• B)3.69 percent
• C)12.84 percent
• D)8.61 percent
• E)14.44 percent

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Definitions:

Hip Muscle

The hip muscle is part of a group of muscles around the hip joint that supports movement and stability of the hip, including flexors, extensors, abductors, and adductors.

Piriformis

A muscle in the gluteal region of the lower limb, which can sometimes be involved in sciatic nerve compression.

Iliacus

A muscle located in the pelvis, part of the iliopsoas group, important for flexing the hip and stabilizing the lower body.

Sartorius

The sartorius is a long, thin, superficial muscle that runs down the length of the thigh in the human body, known for being the longest muscle.