Springsteen Music Company earned $820 million last year and paid out 20 percent ofearnings in dividends. a)
Question:
a) By how much did the company’s retained earnings increase?
b) With 100 million shares outstanding and a stock price of $50, what was the dividend yield?
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Related Book For 
Foundations of Financial Management
ISBN: 978-1259024979
10th Canadian edition
Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen, Doug Short, Michael Perretta
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