Dragon Trucking just paid its annual regular cash dividend of $1.08 a share, along with a special dividend of $.12 a share.The company follows a policy of increasing its dividend by 1 percent annually.Which one of the following is the best estimate of the firm's next annual dividend payment?
A) $1.1925
B) $1.0908
C) $1.2120
D) $1.0912
E) $1.1032
Correct Answer:
Verified
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