Payout Ratio and Book Value per Share Divac Company has developed a statement of

Question

Payout Ratio and Book Value per Share Divac Company has developed a statement of stockholders' equity for the year 2014 as follows: Divac's preferred stock is S100 par, 8% stock. If the stock is liquidated or redeemed, stockholders are entitled to S120 per share. There are no dividends in arrears on the stock. The common stock has a par value of S5 per share. Assume that the common stockholders have a right to the total net income of S80,000. Determine the dividend payout ratio for the common stock. Round the payout ratio to four decimal places, but enter as a percentage to two decimal places. For example, .34678 rounds to .3468 and would be entered as 34.68, indicating 34.68%. Determine the book value per share of Divac's common stock. Round the book value per share to two decimals, per share

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Payout Ratio and Book Value per Share Divac Company has developed a statement of

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