Question
ABD Corp. has adopted a policy of increasing the annual dividend on its common stock at a constant rate of 3 percent annually. The last
ABD Corp. 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 $1.55 a share. What will be the company's dividend six years from now?
A. $1.91
B. $1.13
C. $1.85
D. $1.80
E. $1.83
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Case Studies In Finance
Authors: Robert Bruner, Kenneth Eades, Michael Schill
6th Edition
0073382450, 978-0073382456
