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DRIPs. Eastern Railroad has a dividend reinvestment plan for shareholders. From 2013 to 2017, the company had the following share prices and dividends: Year Share
DRIPs. Eastern Railroad has a dividend reinvestment plan for shareholders. From 2013 to 2017, the company had the following share prices and dividends: Year Share Price after Dividend Dividend per Share 2013 $48.00 $2.50 2014 $50.75 $2.75 2015 $55.15 $3.00 2016 $60.50 $3.50 2017 $61.25 $4.00 If you started with 100 shares of stock at $46 per share and participated fully in the DRIP, how many shares of stock would you have at the end of 2017? What is the total value of your shares?
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