Business, 02.01.2020 21:31 ashvinmsingh
The montauk company has a dividend reinvestment plan in which shareholders owning 27% of its common stock participate. last year the firm's eps was $4.20, and its payout ratio was 60%. there are 2 million shares of common stock outstanding. how much new capital did montauk raise through the reinvestment program?
Answers: 2
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