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AAA Ltds total earnings last year was $28 million and this year is $26.25 million, which is in line with its long-term earnings rate. There

AAA Ltds total earnings last year was $28 million and this year is $26.25 million, which is in line with its long-term earnings rate. There are 4 million shares outstanding, and the company follows a policy of retaining 40% of its earnings. Calculate the companys expected dividend per share next year. Show all calculations

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