The common stock of McDonald's pays an annual dividend that is expected to

increase by $10\%$ annually. The stock commands a market rate of return of $12\%$ and

sells for $$60\mathrm{.}50$ a share. What is the expected amount of the next dividend to be

paid on McDonald's common stock?

$$1\mathrm{.}10$

$$0\mathrm{.}90$

$$1\mathrm{.}00$

$$1\mathrm{.}21$