Problemuptown merchants just announced that it will be, Ask an Expert

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Problem:

Uptown Merchants just announced that it will be paying an annual dividend of $1.60 a share plus an extra dividend of $0.40 a share this coming year. The company also announced that its regular dividend, which is all it anticipates paying after this year, will increase by 2 percent annually.

Requirement:

Question: What is the anticipated dividend per share 4 years from now?

Note: Please provide through step by step calculations.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M91166925

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