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Back to Library QID: #9428

Solution for QID #9428: Rapid auto Transport (RAT) follows a constant payout ratio d | StudyHelpMe

Subject: Finance
Status: Verified Solution
Rapid auto Transport (RAT) follows a constant payout ratio dividend policy, which required the company to pay out 30 percent of income as dividends each year. If it wants to pay $840,000 in dividends next year, how much must RAT earn?  
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