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Diamond Inc. paid an annual dividend of $3.50 per share last year. Management just announced that future dividends will increase by 3 percent annually. What

Diamond Inc. paid an annual dividend of $3.50 per share last year. Management just announced that future dividends will increase by 3 percent annually. What is the amount of the expected dividend this year? $3.71 $3.82 O $3.61 $3.50

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