Question
c17 q14 can you please help me with all 2 parts DRIPs.Eastern Railroad has a dividend reinvestment plan for shareholders. From 2010 to 2014, the
c17 q14 can you please help me with all 2 parts
DRIPs.Eastern Railroad has a dividend reinvestment plan for shareholders. From 2010 to 2014, the company had the year-end share prices and the end-of-year annual dividends in the popup window:If you started with 10,000 shares of stock at$45.50 per share and participated fully in the DRIP, how many shares of stock would you have at the end of 2014? What would the total value of your shares be?
Click on the icon
in order to copy its content into a spreadsheet.
Year | Share Price after Dividend | Dividend per Share |
2010 | $47.00 | $2.20 |
2011 | $50.80 | $2.90 |
2012 | $56.00 | $3.30 |
2013 | $60.35 | $3.55 |
2014 | $64.75 | $4.20 |
How many shares of stock would you have at the end of 2014?
shares(Round to two decimal places.)
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started