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Leslie owns 600 shares of Good Manners stock. The company will pay per share dividends of $1.42 1 year from now and $1.48 2 years

Leslie owns 600 shares of Good Manners stock. The company will pay per share dividends of $1.42 1 year from now and $1.48 2 years from now. Leslie does not want any dividend income 1 year from now but does want as much dividend income as possible the following year. She plans on creating her own homemade dividends and can borrow and lend at 7 percent. Ignoring taxes, what will her homemade dividend per share be 2 years from now?

Multiple Choice $2.90 $3.00 $2.97 $2.46 $1.48

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