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. Assume a 3 years holding period. What is the value of your 50 ABC shares portfolio without DRIP?
Group of answer choices
$158.00
$253.00
$134.66
$252.00
None of the given answers is correct
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New Perspectives In Accounting Ethics
Authors: Emerald Group Publishing Limited
23rd Edition
1785608673, 9781785608674
