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Company X just paid a dividend of $1.25 and is expected to increase its dividend by 2% per year. What is the expected dividend in

Company X just paid a dividend of $1.25 and is expected to increase its dividend by 2% per year. What is the expected dividend in 6 years?

a. $1.27

b. $1.32

c. $1.40

d. $1.43

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