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You buy 100 shares of ABC stock at $25/ share; stock currently pays $2/ share in annual dividends. The price of the stock increases at

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You buy 100 shares of ABC stock at $25/ share; stock currently pays $2/ share in annual dividends. The price of the stock increases at 9%/ year and dividends grow at 6%/ year. If you participate in a DRIP. How many of ABC stock will you have at the end of year 2? 114.66 None of the given answers is correct 115.934 158.61 114.252

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