Clay Hands Financial (CHF) shares currently trades at $61.35 per share on recent earnings report...
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Clay Hands Financial (CHF) shares currently trades at $61.35 per share on recent earnings report of $3 per share. The market consensus is that CHF has a ROE of 9% and a required rate of return of 6%. The company commits to a dividend payout ratio of 75%. If CHF immediately cuts its dividend payout to 65%, what will be the change in CHF's share price?
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