The Reading Co.has adopted a policy of increasing the annual dividend on its common stock at a constant rate of 3 percent annually.The last dividend it paid (T = 0) was $.90 a share.What will be the company's dividend six years from now?
A) $.90
B) $.93
C) $1.04
D) $1.07
E) $1.11
Correct Answer:
Verified
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