Question 1 (0.2 points) Your grandmother has invested $8000 in a mutual fund each year...
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Question 1 (0.2 points) Your grandmother has invested $8000 in a mutual fund each year on your birthday (she made her first payment when you turned 1 year old). The mutual fund has grown at an annual interest rate of 6.8%. How much is your account worth on the day of your 21st birthday immediately after your grandmother's deposit? Your Answer: Answer View hint for Question 1 Question 2 (0.2 points) Which one of the following statements is correct? 1) All classes of stock must have equal voting rights per share. O2) From a legal perspective, preferred stock is a form of corporate debt. 3) Shareholders prefer noncumulative dividends over cumulative dividends. O4) Common shareholders elect the corporate directors while the preferred shareholders generally do not have voting rights. 5) Dividends are tax-free income for individual investors
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