Western Railroad has a dividend reinvestment program for shareholders. Over the past five years, the company has
Question:
Western Railroad has a dividend reinvestment program for shareholders. Over the past five years, the company has had the following share prices and the following dividends.
If you started with 100 shares of stock at $20 per share and participated fully in the DRIPS program, how many shares of stock would you have at the end of the five years, and what would be the total value of yourshares?
Transcribed Image Text:
Year 2007 2008 2009 2010 2011 Share Price After Dividend Dividend per Share S28.00 S30.75 S35.15 S40.50 S41.25 S2.50 $2.75 $3.00 S3.50 S4.00
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 60% (15 reviews)
Start 100 Shares Yr shares Dividend Purchased shares ...View the full answer
Answered By
Diane Joyce Pastorin
Please accept my enthusiastic application to solutioninn. I would love the opportunity to be a hardworking, passionate member of your tutoring program. As soon as I read the description of the program, I knew I was a well-qualified candidate for the position.
I have extensive tutoring experience in a variety of fields. I have tutored in English as well as Calculus. I have helped students learn to analyze literature, write essays, understand historical events, and graph parabolas. Your program requires that tutors be able to assist students in multiple subjects, and my experience would allow me to do just that.
You also state in your job posting that you require tutors that can work with students of all ages. As a summer camp counselor, I have experience working with preschool and kindergarten-age students. I have also tutored middle school students in reading, as well as college and high school students. Through these tutoring and counseling positions, I have learned how to best teach each age group.
4.60+
2+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Finance questions
-
Eastern Railroad has a dividend reinvestment program for shareholders. Over the past five years, the company has had the following share prices and the following dividends. If you started with 100...
-
Comtrak Inc. has a dividend reinvestment program for shareholders. Over the past five years, the company has had the following share prices and the following dividends. If you started with 100 shares...
-
You purchased 100 shares of stock in an oil company, Texas Energy, Inc., at $50 per share. The company has 1 million shares outstanding. Ten days later, Texas Energy announced an investment in an oil...
-
As purchasing agent for Laurentian Enterprises in Quebec City, you ask your buyer to provide you with a ranking of excellent, good, fair or poor for a variety of characteristics for two potential...
-
In 1990, the amount of earnings required to earn one Social Security credit was $520. In the tax year 1990, Maggie earned $187 biweekly. How many Social Security credits did she earn in 1990?
-
Suppose that you work for a company that designs the drive mechanisms for large ships. The materials in this mechanism will obviously come into contact with environments that enhance corrosion. To...
-
Frequently, sales managers use contests and recognition rewards to motivate the sales force. If sales managers understand salesperson performance, why is it necessary to employ these additional...
-
You have $40,000 to invest in Sophie Shoes, a stock selling for $80 a share. The initial margin requirement is 60 percent. Ignoring taxes and commissions, show in detail the impact on your rate of...
-
1. Graph the functions: a. y = 2x (= b. y =
-
Suppose that Rose Industries is considering the acquisition of another firm in its industry for $100 million. The acquisition is expected to increase Roses free cash flow by $5 million the first...
-
Southern Railroad has announced the following stock repurchase plan: $5,000,000 repurchase over the next month. Current price of Southern Railroad is $18.50 per share, and there are 15,000,000 shares...
-
This case requires students to apply theoretical concepts relating to dividend policy in a realistic situation. It covers the full range of ideas studied in the chapter and asks students to extend...
-
Use Descartes' rule of signs to determine the possible number of positive and negative real zeros for each function. Then, use a graph to determine the actual numbers of positive and negative real...
-
Tell your peers why they should or should not use Microsoft Office 2021 instead of older Microsoft Access version such as Office 2019 or an earlier version?
-
What must you consider when implementing a Balanced Scorecard? Discuss 1-3 actions to take and 1 - 3 actions to avoid to implement a Balanced Scorecard.
-
Utilizing our Franciscan Values, discuss why it is imperative for global managers to think ethically. What does it mean to be ethical? Why should companies be ethical? What is the incentive (or lack...
-
Explain how a pharmacy like CVS might manage its safety inventory to ensure it never runs out of stock for customers. How would they determine the right levels of safety inventory, and how might...
-
What are the differences between the Cafeterya - style and Total Rewards? Text citation What are the aims of Pay and Rewards? Text Citation
-
Discuss several hypotheses to explain why the performance between SRMFs and conventional funds may differ significantly on a risk-adjusted basis.
-
The electric field due to a line charge is given by where l is a constant. Show that E is solenoidal. Show that it is also conservative. E =
-
Jonathan Lansing, a 47-year-old retail store manager earning $75,000 a year, has worked for the same company during his entire 28-year career. A major economic recession has caused massive layoffs...
-
Greenwich Industries has forecasted its monthly needs for working capital (net of spontaneous sources, such as accounts payable) for 2005 as follows: Short-term borrowing (that is, a bank line of...
-
Nguyen Enterprises is considering two alternative working capital investment and financing policies. Policy A requires the firm to keep its current assets at 65 percent of forecasted sales and to...
-
The Hopewell Pharmaceutical Companys balance sheet and income statement for last year are as follows: *Assume that average accounts receivable are the same as ending accounts receivable. **Assume...
-
In Boston, due to the large amount of snowfall during winter of 2014-2015, the city has brought in several "snow dragons" to melt the snow. Model SND5400 is rated at: 180 ton snow rated capacity per...
-
How does the three-tier model effectively meet the literacy development needs of individual students? How does the response to intervention model integrate the three-tiers of instruction? What are...
-
TCS was established in 1968 with its headquarters in Mumbai. It was formed as a division of Tata Sons Limited (TSL), one of India's largest business conglomerates, and was called 'Tata Computer...
Study smarter with the SolutionInn App