Question 10 25 pts (CHAPTER 19) GIVEN: Resorts Int'l pays dividends to its stockholders according to an 80% target dividend payout ratio. It has just paid a $3.00 dividend on each share. In one year, the company expects its earnings per share to be better that their current level and equal $6.00. The speed of the adjustment coefficient is 0.8 (see "Lintner's dividend smoothing model"). QUESTIONS: Compared to the just paid dividend, in one year Resorts Int'l will increase its per-share dividend by $ (Select] . In other words, it'll pay $ (Select] per share. If Resorts Int'l continues generating such earnings year after year in the future, then the dividend it will be paying on each share will be slowly approaching its new target level of $ [ Select] QUESTIONS: by $ [Select] Compared to the just paid dividend, in one year Resorts Int'l will increase its per-share dividend . In other words, it'll pay $ [Select] [Select ] per 0.15 generating such earnings year after year in the future, then the 0.35 h share will be slowly approaching its new target level of $ 0.72 [51.44 3.65 3.72 3.85 4.00 4.44 4.80 Previous by $ (Select] Compared to the just paid dividend, in one year Resorts Int'l will increase its per-share dividend . In other words, it'll pay $ (Select] Der share. If Resorts Int'l continues generating such earnings y 0.15 [Select ] he dividend it will be paying on each share will be slowly appr 0.35 0.72 [ Select] 1.44 3.65 3.72 3.85 4.00 4.44 4.80 Previous QUESTIONS: by $ Select] Compared to the just paid dividend, in one year Resorts Int'l will increase its per-share dividend . In other words, it'll pay $ (Select] per share. If Resorts Int'l continues generating such earnings year after year in the future, then the dividend it will be paying on each share will be slowly approaching its new target level of $ [Select] [ Select ] 0.15 0.35 0.72 1.44 3.65 3.72 3.85 4.00 AAA