77. Suppose that you own 2,000 shares of GE common stock and you have dividend reinvestment....
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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 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 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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