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Basic Question 2 of 13
DJO Inc. has 31,000 shares of stock outstanding with a market price of $15 per share. If net income for the year is $155,000 and the retention ratio is 80%, what is the dividend per share on DJO Inc.'s stock?
B. it is $1.00
C. it is $1.89
A. it is $1.25
B. it is $1.00
C. it is $1.89
User Contributed Comments 3
| User | Comment |
|---|---|
| katybo | 155.000*0.2/31.000=1 |
| ljamieson | I wish I could do every question in my head. |
| Bootstraper | Mi2 |
I am happy to say that I passed! Your study notes certainly helped prepare me for what was the most difficult exam I had ever taken.
Andrea Schildbach
Learning Outcome Statements
compare share repurchase methods;
calculate and compare the effect of a share repurchase on earnings per share when 1) the repurchase is financed with the company's surplus cash and 2) the company uses debt to finance the repurchase;
calculate the effect of a share repurchase on book value per share;
CFA® 2026 Level II Curriculum, Volume 3, Module 16.