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The Robert's Co. just paid an annual dividend of $1.49 a share. The firm has a target payout ratio of .38 and a speed of

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The Robert's Co. just paid an annual dividend of $1.49 a share. The firm has a target payout ratio of .38 and a speed of adjustment value of 7 . What is the expected value of next year's annual dividend if the firm expects its earnings per share to be $4.87 ? Multiple Choice $1.95 $1.66 $1.74 $1.98 $1.70

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