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Helping me! Thanks! Suppose that the effective annual interest rate is 3.52%. On October 31, 2020, Gina purchased 50 shares of company ABC. Starting in

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Suppose that the effective annual interest rate is 3.52%. On October 31, 2020, Gina purchased 50 shares of company ABC. Starting in year 2021, the company will pay a quarterly dividend at the end of January, April, July, and October of each year. In year 2021 , the quarterly dividend will be $0.48. In every subsequent year, the quarterly dividend will be increased by 1.56% compared to the previous year. a) Assuming that Gina paid a fair price for her shares, how much did she pay? Answer = $ b) Gina deposits each quarterly dividend payment she receives into a savings account earning an effective quarterly interest rate of 0.34%. What will Gina's balance be on October 31, 2050? Answer = $

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