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Problem 11-3 - DRIPs Suppose that you own 350 shares of stock priced at $66 per share. Also suppose that the stock has a dividend
Problem 11-3 - DRIPs Suppose that you own 350 shares of stock priced at $66 per share. Also suppose that the stock has a dividend reinvestment program and pays a $0.45 per share dividend. A) How many shares of stock would you get? You would get shares. Round your answers to the nearest two decimal places. B) How much cash would be remaining? The cash amount remaining would be . Round your answers to the nearest two decimal places
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