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ELE Ltds total earnings last year was $25 million and this year is $26.25 million, which is in line with its long-term earnings growth rate.
ELE Ltds total earnings last year was $25 million and this year is $26.25 million, which is in line with its long-term earnings growth rate. There are 4 million shares outstanding, and the company follows a policy of retaining 30% of its earnings. Calculate the companys expected dividend per share next year. Show all calculations.
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