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Fayer Corporation has provided the following financial data:
Dividends on common stock during Year 2 totaled $4,500. The market price of common stock at the end of Year 2 was $10.88 per share. The company's equity multiplier at the end of Year 2 is closest to:
Wal-Mart
A multinational retail corporation that operates a chain of hypermarkets, discount department stores, and grocery stores, known for its large-scale operations and economic impact.
Exxon
An American multinational oil and gas corporation, one of the world's largest publicly traded energy providers.
Dependency Theory
An economic theory suggesting that developing nations are dependent on developed nations and this dependency inhibits their growth and development.
Conflict Theory
A sociological perspective that views social life as a competition, and focuses on the distribution of resources, power, and inequality as causes of conflict and social change.
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