You buy 100 shares of UBER stock at $25/share; stock currently pays $1/share in annual dividends. Price of the stock increases at 8% / year and dividends grow at 5%/year. Assuming a five years holding period. If you participate in DRIP, how many UBER shares will you have at the end of the firth year? 119.903 O 118.847 O 118.448 O None of the given answers is correct. 120.458
You buy 100 shares of UBER stock at $25/share; stock currently pays $1/share in annual dividends. Price of the stock increases at 8% / year and dividends grow at 5%/year. Assuming a five years holding period. If you participate in DRIP, how many UBER shares will you have at the end of the firth year? 119.903 O 118.847 O 118.448 O None of the given answers is correct. 120.458
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Transcribed Image Text:You buy 100 shares of UBER stock at $25/share; stock currently
pays $1/share in annual dividends. Price of the stock increases at
8% / year and dividends grow at 5%/year. Assuming a five years
holding period. If you participate in DRIP, how many UBER shares
will you have at the end of the firth year?
119.903
O 118.847
O 118.448
O None of the given answers is correct.
120.458
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