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What is the expected dividend for year six

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Reference no: EM133126023

Question - Brandy Knits just paid an annual dividend of $1.42 per share and plans on decreasing this amount by 1 percent annually. What is the expected dividend for Year 6?

A. $1.48

B. $1.33

C. $1.36

D. $1.51

E. $1.34

Reference no: EM133126023

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