A firm maintains a constant dividend payout ratio of 0.45. What must the plowback ratio be?
A. 1 - 0.45
B. 1 + 0.45
C. 1 / 0.45
D. 0.45
E. 1 × 0.45
Answer: A
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Fill in the blank(s) with the appropriate word(s).
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Answer the following statement true (T) or false (F)