Question
KLT just paid an annual dividend of $1.62 a share. The firm has a target payout ratio of 0.55 and a speed of adjustment value
KLT just paid an annual dividend of $1.62 a share. The firm has a target payout ratio of 0.55 and a speed of adjustment value of 0.4. What is the expected value of next year's annual dividend if the firm expects its earnings per share to be $3.98?
Multiple Choice
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$1.85
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$1.92
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$2.50
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$1.74
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$1.71
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Advances In Entrepreneurial Finance
Authors: Rassoul Yazdipour
2011th Edition
148998190X, 978-1489981905
