What is the share dividend

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The Sharpe Co. just paid a dividend of $2.05 per share of stock. Its target payout ratio is 40 percent. The company expects to have earnings per share of $6.20 one year from now.

a. If the adjustment rate is .3 as defend in the Lintner model, what is the dividend one year from now?

Reference no: EM13721827

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