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    Introduction to Corporate Finance
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    Exam 9: Dividend Policy and Long-Term Debt and Leasing
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    Choc-Lattes Corp
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Choc-Lattes Corp

Question 13

Question 13

Multiple Choice

Choc-lattes Corp. earned $5.00 per share in 2006, and paid a dividend of $2.00 per share. If it earns $5.50 in 2007 and follows a constant nominal payout policy, its dividend will be


A) $3.30
B) $3.00
C) $2.20
D) $2.00

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