Multiple Choice
The Reading Co. has adopted a policy of increasing the annual dividend on its common stock at a constant rate of 3% annually. The last dividend it paid was $0.90 a share. What will its dividend be in six years?
A) $.90
B) $.93
C) $1.04
D) $1.07
E) $1.11
Correct Answer:
Verified
Correct Answer:
Verified
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