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Problem:

The last reported earnings for White Corp. were $1.50 last year and earnings are expected to grow at 5% indefinitely.

Required:

Question: If their dividend policy is to pay out 50% of earnings in dividends, what is next year's dividend?

Note: Provide support for rationale.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M91169522

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