Business, 24.03.2020 23:35 stephycake9768

Patrick is the CFO of Reed Inc. Patrick says that RI earned $13 million last year and maintains a 30% dividend payout ratio. The company has 2 million shares of common stock outstanding and a P/E ratio of 10. What is the dividend yield for RI?

a. 1.50%
b. 2.50%
c. 3.00%
d. 4.50%

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Patrick is the CFO of Reed Inc. Patrick says that RI earned $13 million last year and maintains a 30...