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Business, 23.01.2020 05:31 Leigh8655

Altamonte telecommunications has a target capital structure that consists of 55% debt and 45% equity. the company anticipates that its capital budget for the upcoming year will be $1,000,000. if altamonte reports net income of $1,100,000 and it follows a residual dividend payout policy, what will be its dividend payout ratio? round your answer to two decimal places.

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