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Paulas Parachutes is expecting its EPS to grow by 13% next year. EPS last year was $3.13. If the payout ratio will be 60%, how

  1. Paulas Parachutes is expecting its EPS to grow by 13% next year. EPS last year was $3.13. If the payout ratio will be 60%, how much will Paulas Parachutes dividend be next year?

(Please round to the nearest penny)

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