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Donner corporation had net income of 400000 and paid

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Donner Corporation had net income of $400,000 and paid dividends to common stockholders of $40,000 in 2012. The weighted average number of shares outstanding in 2012 was 50,000 shares. Donner Corporation's common stock is selling for $50 per share on the New York Stock Exchange. Donner Corporation's payout ratio for 2012 is?

Reference no: EM13611344

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