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(Solution) - The following information pertains to Milo Mindbender Corporation Net income

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The following information pertains to Milo Mindbender Corporation:
Net income ............ $123,000
Dividends per common share...... $2.00
Common shares .......... 12,000
Purchases of treasury stock ....... $85,000
Common share price ........ $20

Calculate the dividend yield, dividend payout, and total payout. (Note: Round answers to two decimal places.)


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This question was answered on: Jul 11, 2017

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