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TIME CRUNCH NEED ASAP Question 5 1 You buy 50 shares of ABC stock at $30/share; stock currently pays $3/share in annual dividends. Price of
TIME CRUNCH NEED ASAP
Question 5 1 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 10%/year. If you participate in DRIP, how many ABC shares will you have at the end of the second year? 58.90 O None of the given answers is correct O 56.34 59.17 O 62.09 Step by Step Solution
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