If a Company Paid a Dividend of $0

Multiple Choice

If a company paid a dividend of $0.40 last month and it is expected to grow at 7% for the next 6 years and then grow at 4% thereafter,the dividend expected in year 8 is ______.

A) $0.63
B) $0.65
C) $0.68
D) $0.69
E) $0.74