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QUESTION
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...
1. 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?
