You buy 50 shares of PTON stock at $30/share; stock currently pays $3/share in annual dividends. Price of the stock increases at 20%/year and dividends grow at 10%/year. If you participate in DRIP, how many PTON shares will you have at the end of the first year?

Answer rating: 100% (QA)

Initial share price30 new price1201003... View the full answer