Question
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
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. If you participate in DRIP, how many ABC shares will you have at the end of the second year?
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Adventure Finance
Authors: Aunnie Patton Power
1st Edition
3030724271, 978-3030724276
