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Delfino's expects to pay an annual dividend of $1.50 per share next year. What is...

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Finance

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Delfino's expects to pay an annual dividend of $1.50 per share next year. What is the anticipated dividend for year 3 if the firm increases its dividend by 2 percent annually? 1) $1.50 (1.02)3 2) $1.50 (1.02) 3) $1.50 (1.02)4 | 4) $1.50 x (1.02) 5) $1.50 x (1.02)2

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