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You buy 50 shares of ABC stock at $30/share; stock currently pays $3/share in annual dividends. The price of the stock increases at 20%/year and

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You buy 50 shares of ABC stock at $30/share; stock currently pays $3/share in annual dividends. The price of the stock increases at 20%/year and dividends grow at 10%/year. If you participate in DRIP, how many ABC shares will you have at the end of the first year? O 58.90 54.583 O 56.34 None of the given answers is correct O 52.09

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