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77. Suppose that you own 2,000 shares of GE common stock and you have dividend reinvestment. GE is selling for $20 per share and
77. Suppose that you own 2,000 shares of GE common stock and you have dividend reinvestment. GE is selling for $20 per share and their dividend yield is 2.00%. You received a quarterly dividend payment and your broker converted your cash dividend to fractional shares of stock (since you have dividend reinvestment). How many shares of stock were added to your account? Answer: 10 shares
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Financial Management Principles and Applications
Authors: Sheridan Titman, Arthur Keown, John Martin
12th edition
133423824, 978-0133423822
