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Business, 01.10.2019 00:30 Strudl8920

edelman, inc. provides the following information for 2017: net income$190,000market price per share of common stock$20.00/sharedividends paid$2.00/sharecommon stock outstanding at jan. 1, 2017140,000 sharescommon stock outstanding at dec. 31, 2017180,000 sharesthe company has no preferred stock outstanding. calculate the dividend payout ratio. (round any intermediate calculations and your final answer to two decimal places.)

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