Would anyone be able to help me out please?
You buy 100 shares of XYZ at $40per share.XYZ pays an annual dividend of $2 and offers an automatic dividend reinvestment plan.Assume that the dividend will remain constant over the next 5 yrs and that the stock will increase 5% each yr.How much will will your XYZ investment be worth after 5yrs if you partake in the dividend reinvestment plan?Any help would be greatly appreciated.