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?
A) $2.50
B) $1.85
C) $1.74
D) $1.92
E) $1.71
Correct Answer:
Verified
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