Question: Need help with the following problem. Please show work. 9. (6 points) Dividends Suppose a firm has a retention ratio of 75 percent, net income

Need help with the following problem. Please show work.

Need help with the following problem. Please show work. 9. (6 points)

9. (6 points) Dividends Suppose a firm has a retention ratio of 75 percent, net income of $8 million, and 4 million shares outstanding. What would be the dividend per share paid out on the firm's stock

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