Policy of increasing the annual dividend on its common stock

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Reference no: EM131049650

The Reading Co. has adopted a policy of increasing the annual dividend on its common stock 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? Select one: a. $0.90 b. $0.93 c. $1.04 d. $1.07 e. $1.11

Reference no: EM131049650

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Policy of increasing the annual dividend on its common stock : The Reading Co. has adopted a policy of increasing the annual dividend on its common stock 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? Select one: a. $0.90 b. $0.93..

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