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3.On July 7, you purchased 1,000 shares of SAM, Inc. stock for $ 25 a share. On August 1, you sold 400 shares of this

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3.On July 7, you purchased 1,000 shares of SAM, Inc. stock for $ 25 a share. On August 1, you sold 400 shares of this stock for $35 a share. You sold an additional 200 shares on August 17 at a price of $30 a share. The company declared a $ 1.4 per share dividend on August 4 to holders of record as of SAM, August 15. This dividend is payable on September 1. How much dividend income will you receive on September 1 as a result of your ownership of SAM stock

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