evolsteevol

The statement for choice B is correct:

Last year's dividend (aka dividend at time zero) : 1.62
It grows at 12% for 3 years:

dividend at t=1 : 1.62* 1.12 = 1.8144
dividend at t=2: 1.8144*1.12= 2.032128
dividend at t=3: 2.032128*1.12= 2.27598336

they definitley rounded the wrong way but choice C is definitley more wrong than B