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You Own Shares in the XYZ Company

question 57

Multiple Choice

You own shares in the XYZ company.For the first 10 years that you owned the shares,they paid a dividend of $150 every 6 months (paid at the end of every 6 months) .However due to a downturn in the economy,no dividend has been paid in the past 2 years.If you have reinvested the dividends in a fund earning j2 = 5%,how much do you have today?

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