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The Garden Shoppe has adopted a policy of increasing its annual dividend at a constant rate of 1 . 3 2 percent annually. The company

The Garden Shoppe has adopted a policy of increasing its annual dividend at a constant rate of 1.32 percent annually. The company just paid its annual dividend of $2.86. What will the dividend be nine years from now? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g.,32.16.)

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