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Springsteen Music Company earned $495 million last year and paid out 23 percent of earnings...

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Accounting

Springsteen Music Company earned $495 million last year and paid out 23 percent of earnings in dividends. a. By how much did the companys retained earnings increase? (Enter the answer in millions. Round the final answers to 2 decimal places.) Additional retained earnings $ million b. With 100 million shares outstanding and a share price of $138, what is the dividend yield? (Do not round intermediate calculations. Round the final answers to 2 decimal places.) Dividend yield %

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