The Reading Co

question 17

Multiple Choice

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 its dividend be
In six years?

• A) $.90
• B) $.93
• C) $1.04
• D) $1.07
• E) $1.11

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