Groeneweg Corporation has provided the following data: Dividends on common stock during Year 2 totaled $4,500.The market price of common stock at the end of Year 2 was $9.45 per share.The company's dividend payout ratio for Year 2 is closest to:
A) 8.7%
B) 13.4%
C) 4.5%
D) 1.0%
Correct Answer:
Verified
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