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1.You are interested in investing a $10,000 gift from your grandparents for the next four years in a mutual fund that pays 10 percent annually.What
1.You are interested in investing a $10,000 gift from your grandparents for the next four years in a mutual fund that pays 10 percent annually.What will your investment be worth at the end of four years?
$10,800
$13,605
$14,641
$15,215
2.Friendly Airlines stock is currently selling for $40.00 per share.If the stock pays a dividend of $2.00 and the stock price in one year is $44.00, what is the total return on the stock?
5%
10%
15%
20%
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