1. The Bank of Manitoba has just paid a dividend of $3 pershare. The dividend grows at a steady rate of 8 percent peryear. Based on this information, what would the dividendbe in five years?
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The Bank of Manitoba has just paid a dividend of $3 per share. The dividend grows at a steady rate of 8 % per year. Based on this information, what would the dividend be in 5 yers? $4.41 $3 (1 + 0.08)^5.
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