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Mario Mario
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3 years ago
GNB Inc. sets its dividend using the target payout model. Using the data in the table, below, calculate the dividend for Year 1.

Selected Financial Information
GNB Inc.
Dividend per share Year 0$1.446
Target Payout Rate35%
Earnings per share Year 0$3.50
Earnings per share Year 1$3.35
Adjustment factor0.15


▸ $1.296

▸ $1.397

▸ $1.436

▸ $1.438

▸ $1.446
Textbook 
Corporate Finance Online

Corporate Finance Online


Edition: 2nd
Authors:
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KaylenePigKaylenePig
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3 years ago
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Mario Author
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3 years ago
You make an excellent tutor!
larrybrads
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Yesterday
Brilliant ツ
choih94
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2 hours ago
Good timing, thanks!
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