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in the following year Atlas Mines changed its policy of increasing the annual dividend on its common stock at a constant rate of 1.75 percent

in the following year Atlas Mines changed its policy of increasing the annual dividend on its common stock at a constant rate of 1.75 percent annually. The firm just paid an annual dividend of $1.97. What will the dividend be five years from now?

a. $2.12

b. $2.13

c. $2.15

d. $2.14

e. $2.11

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