Policy of increasing annual dividend on common stock

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Atlas Mines has adopted a policy of increasing the annual dividend on its common stock at a constant rate of 3.00 percent annually. The firm just paid an annual dividend of $1.50.

a. What will the dividend be five years from now?

b. What will the dividend be ten years from now?

c. What will the dividend be twenty years from now?

Reference no: EM132050616

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