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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