What is the amount of the expected dividend in year 4

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Reference no: EM13288431

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

Reference no: EM13288431

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