Author Question: Charlene owns stock in a company which has consistently paid a growing dividend over the last five ... (Read 82 times)

Themember4 · **on:** Apr 25, 2021

Question 1

Casey has $1,000 to invest and would like to buy a $3,000 jet-ski in four years. If interest is compounded annually, what interest rate will she have to receive to reach her goal?
◦ 300%
◦ 16%
◦ 32%
◦ 3%
◦ 7%

Question 2

Charlene owns stock in a company which has consistently paid a growing dividend over the last five years. The first year Charlene owned the stock, she received $1.71 per share and in the fifth year, she received $2.89 per share. What is the growth rate of the dividends over the last five years? (Round to the nearest whole number)
◦ 7 percent
◦ 14 percent
◦ 12 percent
◦ 5 percent
◦ 11 percent

bitingbit · **Reply #1 on:** Apr 25, 2021

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