Atlas Mines Has Adopted a Policy of Increasing the Annual

Multiple Choice

Atlas Mines has adopted a policy of increasing the annual dividend on its common stock at a constant rate of 2.75 percent annually.The firm just paid an annual dividend of $1.67.What will the dividend be six years from now?

A) $1.88
B) $1.92
C) $1.97
D) $2.02
E) $2.05