An investor who buys 100 shares for $40 a share of a stock that pays a per share dividend of $2 annually signs up for the dividend reinvestment plan If neither the price of the stock nor the dividend is changed, how many shares will the investor have at the end of ten years ...

The dividend yield is 5 percent 240 5 percent so the num ...

An investor who buys 100 shares for $40 a share of a stock that pays a per-share

Question:

An investor who buys 100 shares for $40 a share of a stock that pays a per-share of $2 annually signs up for the reinvestment plan. If neither the price of the stock nor the is changed, how many shares will the investor have at the end of ten years?

Dividend
A dividend is a distribution of a portion of company’s earnings, decided and managed by the company’s board of directors, and paid to the shareholders. Dividends are given on the shares. It is a token reward paid to the shareholders for their...