Multiple Choice
The Reading Co.has adopted a policy of increasing the annual dividend on its ordinary equity at a constant rate of 3% annually.The last dividend it paid was €0.90 a share.What will the company's dividend be in six years?
A) €0.90
B) €0.93
C) €1.04
D) €1.07
E) €1.11
Correct Answer:
Verified
Correct Answer:
Verified
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