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Lucas Inc earned $15 million last year and retained $6 million Lucas has 5 million shares outstanding and the current price of Lucas shares is $30 per share What is the payout ratio

Lucas Inc. earned $15 million last year and retained $6 million. Lucas has 5 million shares outstanding, and the current price of Lucas shares is $30 per share. What is the payout ratio?

 

Apr 28 2020 View more View Less

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