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You buy 100 shares of AMD stock at $25/share; stock currently pays $1/share in annual dividends. Price of the stock increases at 8%/year and dividends

You buy 100 shares of AMD stock at $25/share; stock currently pays $1/share in annual dividends. Price of the stock increases at 8%/year and dividends grow at 5%/year. Assuming a five years holding period.

What is the value of your 100 AMD shares portfolio without DRIP?

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