You are interested in investing in the stock of xyz company, Financial Management

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You are interested in investing in the stock of xyz company

You are interested in investing in the stock of XYZ Company. The stock currently sells for $40 per share and pays a yearly dividend of $1.50 per share. You have $10,000 to invest. How many shares could you buy, ignoring brokerage commissions and other costs? If you keep the stock for two years, what is the total amount of dividends you will receive?

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