If the firm's dividend policy was based on a constant payout ratio of 50 percent for all

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If the firm's dividend policy was based on a constant payout ratio of 50 percent for all of the years with earnings over $1.50 per share and a zero payout otherwise, the annual dividends for 1999 and 2003 were ________.

A. $0 and $0.88, respectively
B.$0 and $2.00, respectively
C.$0.50 and $1.25, respectively
D.$0 and $1.25, respectively

Related Book For answer-question

Intermediate Accounting

ISBN: 978-0324592375

17th Edition

Authors: James D. Stice, Earl K. Stice, Fred Skousen

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Posted Date: Jan 01, 2021 09:02 PM

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If the firm's dividend policy was based on a constant payout ratio of 50 percent for all

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Intermediate Accounting

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