The Robert's Co.just paid an annual dividend of $3.22 a share.The firm has a target payout ratio of .75 and a speed of adjustment value of .8.What is the expected value of next year's annual dividend if the firm expects its earnings per share to be $6.33?
A) $5.80
B) $4.75
C) $3.58
D) $3.98
E) $4.44
Correct Answer:
Verified
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