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Partridge Company provides the following information for the year 2016: Earnings per share $0.24/share
Market price of ordinary shares: $12.00/share
Dividends paid: $0.80/share
(No preference shares issued)
How much was the dividend payout for one share?
Rationing Device
A method or system used to allocate scarce goods, services, or resources among competing demands.
Equilibrium
A state in a market where supply equals demand, and there is no tendency for change in the price or quantity.
Price Floor
A government or regulatory-imposed price control that sets the minimum allowable price to be charged for a particular good or service. It is aimed at protecting producers by ensuring prices do not fall below a certain level.
Government
The governing body of a nation, state, or community, responsible for making and enforcing laws and policies.
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