20. Firm ABC just paid an annual dividend of $2.00 per share next year. Management just announced that future dividends will increase by 10 percent annually in the first three years and 5 percent annually afterwards. What is the amount of the expected dividend in year 5? List the value of growth rate during the five years: (use decimal not percent, e.g. 0.02) 81 - 82 83 84 - 85 The given dividend is D1 or DO? From the following, which is the correct formula to compute the expected dividend in year 5? A. DS = DO X (1 + 0.1) B. DS = DI X (1 + 0.1) C. DS = DO X (1 +0.1) (1 + 0.05) D. D5 = DI X (1 + 0.1)2 x (1 + 0.05)2 What is the amount of the expected dividend in year 5? (keep 2 digits after decimal point, no dollar sign; for example: 1.236 -> 1.24)