Dexter's has a fixed dividend payout ratio of 40 percent, current net income of $5,200, total assets of $56,400, and total equity of $21,600. Given this information, what estimate would you use as the dividend growth rate if the last dividend paid was $.464 per share?
A) 9.63 percent
B) 3.69 percent
C) 12.84 percent
D) 8.61 percent
E) 14.44 percent
E) 14.44 percent
Business
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