Dividend amount is also increasing steadily

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Suppose that the stock price of company XYZ has been increasing steadily at about 8% per year. In addition, about half the company's profits are paid as dividends, and this dividend amount is also increasing steadily. Given this description, would company XYZ be better classified as (A) a growth stock, or (B) an income stock? Pick A or B and explain.

Reference no: EM132444565

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