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25) Huldah Corp, has net income of $50 million, dividend payout rate of 75% of earnings, and corporate tax rate of 30%.
Posted: Wed May 18, 2022 11:23 pm
by answerhappygod
- 25 Huldah Corp Has Net Income Of 50 Million Dividend Payout Rate Of 75 Of Earnings And Corporate Tax Rate Of 30 1 (10.98 KiB) Viewed 25 times
25) Huldah Corp, has net income of $50 million, dividend payout rate of 75% of earnings, and corporate tax rate of 30%. The personal dividend income tax rate is 15%. What is the shareholder's after-tax income per share if it has 5 million shares A) $4.50 B) $6.38 C) $5.25 D) $3.37 E) $4.46