Question: Max Electronics Berhad is presently generating earnings available to common shareholders of RM7.25 per share. The firm's income tax rate is 24%. The firm's dividend

Max Electronics Berhad is presently generating earnings available to common shareholders of RM7.25 per share. The firm's income tax rate is 24%. The firm's dividend payout ratio on common stock is 20%. What is the amount per share that Max Electronics will pay in dividends to common shareholders?

Select one:

A. RM1.45

B. RM1.10

C. RM1.60

D. RM2.00

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