Lucas Inc. earned $11 million last year and retained $5 million. Lucas has 7 million...
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Finance
Lucas Inc. earned $11 million last year and retained $5 million. Lucas has 7 million shares outstanding, and the current price of Lucas shares is $35 per share. What is the dividend payout ratio? (Round your answer to the nearest whole percent.)
Multiple Choice
58%
60%
55%
50%
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