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ClearAir just paid an annual dividend of $1.75 a share. The firm has a target payout ratio of .35 and a speed of adjustment value
ClearAir just paid an annual dividend of $1.75 a share. The firm has a target payout ratio of .35 and a speed of adjustment value of .4. What is the expected value of next year's annual dividend if the firm expects its earnings per share to be $5.8?
$1.86
$1.79
$1.65
$1.54
$1.97
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