Kevin Edwards has ($20,000.00) in a savings account that is earning 6% interest. He is thinking of

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Kevin Edwards has \($20,000.00\) in a savings account that is earning 6% interest. He is thinking of investing the money in stock that has a stated value and a current market price of \($100.00\) per share. For the past three years, the stock dividends have amounted to \($9.00\) per share per year. Mr. Edwards asks your advice. What would you recommend? Explain your answer.

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Accounting Advanced

ISBN: 9780538447553

9th Edition

Authors: Claudia Bienias Gilbertson

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