Starbuck Corporation had a net income of $250,000 and paid dividends to common stockholders of $50,000 in Year 1. The weighted average number of shares outstanding in Year 1 was 50,000 shares. Starbuck Corporation's common stock is selling for $40 per share on the New York Stock Exchange. Starbuck's dividend payout ratio for Year 1 is . (Round your answer to three decimal places.)
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Starbuck Corporation had a net income of $250,000 and paid dividends to common stockholders of $50,0...
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