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In 2006 Monster Beverage Corporation (MNST) stock traded for $11.00 per share. By 2016 the share price was $150.00. During that time span the company stocks split twice. The company has never paid its common shareholders a dividend. Monster Beverage Corporation can be classified as a/ an ________ stock.

User Zaheen
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Answer: d) growth

Step-by-step explanation:

A growth stock is stock in a company that is projected to grow faster than the market. Companies falling under this category generally do not pay dividends because they reinvest profits to grow fast in a shorter time frame. The usual way of making profit off of this stock is through capital gains i.e, selling when the price rises.

Monster Beverage Corporation (MNST) falls into the categories listed above thereby making it a growth stock.

User Vanest
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