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    Springsteen Music Company

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    Springsteen Music Company earned $820 million last year and paid out 20% of earning in dividends.

    a. By how much did the company's retained earnings increase?
    b. With 100 million shares outstanding and a stock price of $50, what was the dividend yield?

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    Solution Preview

    a. By how much did the company's retained earnings increase?

    Dividend paid= 20% on earnings= 20% on ...

    Solution Summary

    This solution is comprised of a detailed explanation to answer by how much did the company's retained earnings increase.

    $2.19

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