How to split earnings using retention rate, payout rate, and plowback ratio

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I review the definitions of retention rate, payout rate, and plowback ratio. I then use those definitions to split EPS into a dividend and the reinvested portion.

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I'm a Finance Professor at the University of Tennessee in Knoxville. For more information about my teaching and research, please visit my website.

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How does the .6 aspect of things sum up to 4? Please don't assume we understand, break everything down.

DiamondOkoh