atps://teams.microsoft.com/_?culture=en-ca&country=CA&m=deeplink&dmsic=homePage Web&cmpid=WebSignin/school/tab:3717002657/19/ca9f7celem Q Search 3 - 7A (SUMMER 2020)) 12. Wilbert's Clothing Stores just paid a $1.20 annual dividend. The company has a policy whereby the dividend increases by 2.5% annually. You would like to purchase 100 shares of stock in this firm but realize that you will not have the funds to do so for another three years. If you desire a 10% rate of return, how much should you expect to pay for 100 shares when you can afford to buy this stock?[gnore trading costs. (5 Points) O S1,640 O $1,681 O $1,723 O 51.766 O 51.810 13. The Reading Co. has adopted a policy of increasing the annual dividend on its common stock at a constant rate of 3% annually. The last dividend it paid was $0.90 a share. What will its dividend be