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The Sharpe Co. just paid a dividend of $1.60 per share of stock. Its target payout ratio is 40 percent. The company expects to have

The Sharpe Co. just paid a dividend of $1.60 per share of stock. Its target payout ratio is 40 percent. The company expects to have earnings per share of $6.20 one year from now. (a) If the adjustment rate is .3 as defined in the Linter model, what is the dividend one year form now

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