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Pettry, Inc

Question 92

Essay

Pettry, Inc. expects EPS this year to be $5.25. If EPS grows at an average annual rate of 10%, and if Pettry pays 60% of its earnings as dividends, what will the expected dividend per share be in 10 years?

Correct Answer:

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$5.25 (1 + 0.10)10 =...

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