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 Rate 35%
Earnings per share Year 0 $3.50
Earnings per share Year 1 $3.35
Adjustment factor 0.15
A) $1.296
B) $1.397
C) $1.436
D) $1.438
E) $1.446
D
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What will be an ideal response?
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