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include work/formulas 5. You invested $10,000 in the shares of Engulf & Devour, Inc. at the beginning of 2016. The shares turned in the following
include work/formulas
5. You invested $10,000 in the shares of Engulf & Devour, Inc. at the beginning of 2016. The shares turned in the following dividend and share price performance. Dividends Paid Share Price at During Share Price at Year Beginning of Year Year End of Year 2016 51.27 0.99 62.89 2017 62.89 1.42 68.54 2018 68.54 1.49 55.52 2019 55.52 1.87 72.28 2020 72.28 2.66 131.53 If you reinvested the dividends in additional shares, what was the value of your investment at the end of 2020? What was the compound annual return Step by Step Solution
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