Six months ago, you purchased 100 shares of stock in Global Trading at a price of $38.70 a share. The stock pays a quarterly dividend of $1.15 a share. Today, you sold all of your shares for $40.10 per share. What is the total amount of your dividend income on this investment? A. $230 B. $215 C. $245 D. $250 E. $260
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Since the stock pays a quarterly dividend, there were 2 dividend payments during this time (6 months = 2 quarters). Show more…
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