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1. Two years ago, Karen purchased 100 shares of Sea Tech Manufacturing when each share was selling at $30. Sea Tech pays $0.10 per share
1. Two years ago, Karen purchased 100 shares of Sea Tech Manufacturing when each share was selling at $30. Sea Tech pays $0.10 per share per quarter so how much dividend did Karen receive over the two-year period from this investment? ( 5 pts) a. $0.80 b. $8 c. $38 d. $80 2. What was Sea Tech's dividend yield at the time the shares were purchased? (Hint: Dividend yield = annual dividend per share/ stock price and is usually expressed as a percentage. A stock with dividend yield of x% means for every $100 invested in this stock will provide $x in dividend income each year.) (5 pts ) a. 0.33% b. 1.33% c. 1.5% d. 5% 3. Earlier today, Karen sold the shares at $33 each. What was the total profit she earned from this investment? (Hint: Total profit = Money received from stock sale - money paid for stock purchase + dividends received.) ( 5pts) a. $300 b. $330 c. $380 d. $400
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