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henry11 henry11
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A year ago
P&D Co. has a capital budget of $1,000,000. The company wants to maintain a target capital structure of 30% debt and 70% equity. The company forecasts that its net income this year will be $800,000. If the company follows a residual dividend policy, what will be its total dividend payment?


▸

$100,000



▸

$200,000



▸

$300,000



▸

$400,000

Textbook 
Financial Management: Theory and Practice

Financial Management: Theory and Practice


Edition: 4th
Authors:
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Hello32hello3Hello32hello3
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A year ago
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henry11 Author
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A year ago
Thank you, thank you, thank you!
carston
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Yesterday
Correct Slight Smile TY
smi3
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2 hours ago
Thanks for your help!!
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