The Ordinary Equity of Energizer's Pays an Annual Dividend That

Multiple Choice

The ordinary equity of Energizer's pays an annual dividend that is expected to increase by 10% annually.The equity commands a market rate of return of 12% and sells for €60.50 a share.What is the expected amount of the next dividend to be paid on Energizer's ordinary equity?

A) €.90
B) €1.00
C) €1.10
D) €1.21
E) €1.33