Answered step by step
Verified Expert Solution
Question
1 Approved Answer
help with these two please will rate well! Question 13 1 pts You buy 50 shares of ABC stock at $30/share; stock currently pays $3/share
help with these two please will rate well!
Question 13 1 pts You buy 50 shares of ABC stock at $30/share; stock currently pays $3/share in annual dividends. The price of the stock increases at 20%/year and dividends grow at 10%/year. If you participate in DRIP, how many ABC shares will you have at the end of the first year? 54.583 0 52.09 58.90 None of the given answers is correct 56.34 1 pts Question 14 You buy 50 shares of ABC stock at $30/share; stock currently pays $3/share in annual dividends. Price of the stock increases at 20%/year and dividends grow at 10%/year. If you participate in DRIP, how many ABC shares will you have at the end of the second year? 62.09 0 58.90 0 56.34 O None of the given answers is correct 59.17
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started