35. The Bulldog Company just paid a dividend of $1.50 (that is, D. = 1.50). If...

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Answer 1

Answer #1

This question requires application of basic time value of money function, according to which FV = PV * (1 + r) where FV is F

Div5 = Div0 * (1 + g)⁵

Div5 = 1.50 * (1 + 3%)⁵

Div5 = 1.50 * 1.1593

Div5 = $1.7389

Div5 = $1.74

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Answer 2

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