Asked by Sara
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.
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.
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