BDJ, Inc. has 31,000 shares of stock outstanding with a market price of $15 per share. If net income for the year is $155,000 and the retention ratio is 80%, what is the dividend per share on BDJ Inc.'s
Stock?
A) $0.68
B) $1.00
C) $1.25
D) $1.55
E) $1.89
Correct Answer:
Verified
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