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Last year, the Brown Bike Co. paid an annual dividend of $1.80 per share. The company has a dividend policy which calls for constant dividends.

Last year, the Brown Bike Co. paid an annual dividend of $1.80 per share. The company has a dividend policy which calls for constant dividends. The sales of the firm are increasing by 2 percent each year. What is the anticipated dividend for year 4?

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