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Ralite Company had net income for the year of $20 Million. It had 2 Million sharees of comon stock outstanding, with a year-end market price of $82 a share. Dividends during the year were $5.74 a share.
Required:
Calculate the following ratios:
(a) Price Earning Ratio
(b) dividend yield
(c) dividend payout
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As is common in commercial real estate
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