Question
You buy 25 shares of GM stock at $31/share; stock currently pays $1.50/share in annual dividends. Price of the stock increases at 6%/year and dividends
You buy 25 shares of GM stock at $31/share; stock currently pays $1.50/share in annual dividends. Price of the stock increases at 6%/year and dividends grow at 4%/year. Assuming a five years holding period. If you participate in DRIP, how many GM shares will you have at the end of the second year?
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On My Own Two Feet A Modern Girls Guide To Personal Finance
Authors: Sharon Kedar
2nd Edition
1440570841, 978-1440570841
