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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

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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 at 10%/year. Assume a 3 years holding period. What is the value of your 50 AMD shares portfolio without DRIP? 3,101.25 3.241.21 2,987.63 3,088.50 None of the given answers

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