DRIPS. Western Railroad has a dividend reinvestment plan for shareholders. From 2010 to 2014, the company had the year-end share prices and the end-of-year annual dividends the popup window: If you started with 100shares of stock at $24.00 per share and participated fully in the DRIP, how many shares of stock would you have at the end of 20147 What would be the total value of your shares? How many shares of stock would you have at the end of 2014? shares (Round to two decimal places.) What would the total value of your shares be at the end of 2014? (Round to the nearest cent.)

Financial Accounting
14th Edition
ISBN:9781305088436
Author:Carl Warren, Jim Reeve, Jonathan Duchac
Publisher:Carl Warren, Jim Reeve, Jonathan Duchac
Chapter13: Corporations: Organization, Stock Transactions, And Dividends
Section: Chapter Questions
Problem 4CP
Question
DRIPS. Western Railroad has a dividend reinvestment plan for shareholders. From 2010 to 2014, the company had the year-end share prices and the end-of-year annual dividends
the popup window: If you started with 100shares of stock at $24.00 per share and participated fully in the DRIP, how many shares of stock would you have at the end of 20147
What would be the total value of your shares?
How many shares of stock would you have at the end of 2014?
shares (Round to two decimal places.)
What would the total value of your shares be at the end of 2014?
(Round to the nearest cent.)
Transcribed Image Text:DRIPS. Western Railroad has a dividend reinvestment plan for shareholders. From 2010 to 2014, the company had the year-end share prices and the end-of-year annual dividends the popup window: If you started with 100shares of stock at $24.00 per share and participated fully in the DRIP, how many shares of stock would you have at the end of 20147 What would be the total value of your shares? How many shares of stock would you have at the end of 2014? shares (Round to two decimal places.) What would the total value of your shares be at the end of 2014? (Round to the nearest cent.)
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