The pioneer corporation has a target capital structure that consists of 55% debt and 45% equity. pioneer's capital budget next year will be $10,000,000. given that the company follows a residual dividend policy and its most recent yearly net income is $6,000,000, determine the pioneer's dividend payout ratio. a.12%b. 38%c. 47%d. 25%
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The pioneer corporation has a target capital structure that consists of 55% debt and 45% equity. pio...
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