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23. Al owns 800 shares of The Good Life Co. The company recently issued a statement that it will pay a dividend per share of
23. Al owns 800 shares of The Good Life Co. The company recently issued a statement that it will pay a dividend per share of $0.55 this year and a $0.60 per share dividend next year. Al does not want any dividend income this year but does want as much dividend income as possible next year. Al earns 9 percent on his investments. Ignoring taxes, what will Al's total homemade dividend be next year? A. $910.20 B. $920.00 C. $930.50 D. $941.80 E. $959.60
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