KLT just paid an annual dividend of $2.10 a share.The firm has a target payout ratio of .45 and a speed of adjustment value of .5.What is the expected value of next year's annual dividend if the firm expects its earnings per share to be $4.94?
A) $2.16
B) $2.22
C) $2.47
D) $1.24
E) $1.11
Correct Answer:
Verified
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