Scenic images paid an annual dividend of 185 per share last


Scenic images paid an annual dividend of $1.85 per share last year. Management just announced that future dividends will increase by 3% annually. What is the amount of the expected dividend in year 4?

a. $1.91
b. 1.96
c. 2.02
d. 2.08
e. 2.14

 

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Finance Basics: Scenic images paid an annual dividend of 185 per share last
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