zhaoyp

Payout ratio, Dividend ratio are internally dependent on

Payout = 1 - Dividend / NI
ROE = NI/CE

CE gets affected because of all the "accounting" shenanigans (that is your BV of Common Equity on your balance sheet).

so not sure what this question is asking.

Is it "a least likely" type of question?

Please post the full question here - not everyone has access to the "QBank" at work!

CP