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ABC Co. earns $1.00/ share in 2019 and pays out 60% in dividends. ABC Co. has a consistent 20% return on equity and intends to

ABC Co. earns $1.00/ share in 2019 and pays out 60% in dividends. ABC Co. has a consistent 20% return on equity and intends to maintain a 60% payout ratio. What is the expected dividend per share in 2020 (round to 2 decimals)? Select one: a. $.08 b. $1.08 c. $.65 d. None of the above

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