Choc-lattes Corp. earned $5.00 per share in 2006, and paid a dividend of $2.00 per share. If it earns $5.50 in 2007 and follows a constant payout ratio policy, its dividend will be
A) $3.30
B) $3.00
C) $2.20
D) $2.00

Name: Choc-lattes Corp. earned $5.00 per share in 2006, and paid a dividend of $2.00 per share. If it earns $5.50 in 2007 and follows a constant payout ratio policy, its dividend will be A) $3.30 B) $3.00 C) $2.20 D) $2.00
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The Answer is C

Choc-Lattes Corp