(Answered) Atlas mines has adopted a policy of increasing the annual

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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?

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