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Western Railroad has a dividend reinvestment program for shareholders. Over the past five years, the company has had the following

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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.

Share Price After Dividend Dividend per Share Year $28.00 $2.50 $2.75 2010 $30.75 2011 $35.15 $40.50 $41.25 2012 2013 20

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 your shares?

Transcribed Image Text:

Share Price After Dividend Dividend per Share Year $28.00 $2.50 $2.75 2010 $30.75 2011 $35.15 $40.50 $41.25 2012 2013 2014 $3.00 $3.50 $4.00

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Start 100 Shares Yr 2010 2011 2012 2013 2014 shares 100 00 x 1…View the full answer


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Financial Management Core Concepts

Financial Management Core Concepts

ISBN: 978-0133866698

3rd edition

Authors: Raymond M Brooks

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Question Posted: October 31, 2017 08:24:50
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