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A company paid an annual dividend of $5.00 a share. The firm has a target payout ratio of 0.40 and a speed of adjustment value
A company paid an annual dividend of $5.00 a share. The firm has a target payout ratio of 0.40 and a speed of adjustment value of 0.76. What is the expected value of next year's annual dividend if the firm expects its earnings per share to be $7.40 ? $3.69 $3.61 $3.53 $3.45 $3.37
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