End Zone just paid an annual dividend of $.68 a share.The firm has a target payout ratio of .6 and a speed of adjustment value of .4.What is the expected value of next year's annual dividend if the firm expects its earnings per share to be $2.20?
A) $.94
B) $.90
C) $1.09
D) $1.32
E) $.53
Correct Answer:
Verified
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