Question
An investor purchased 300 shares of ABC Inc. stock on December 16. ABC paid its quarterly dividend of $1.10 a share on December 31. The
An investor purchased 300 shares of ABC Inc. stock on December 16. ABC paid its quarterly dividend of $1.10 a share on December 31. The record date was December 18. How much dividend income did the investor receive on December 31 from his investment in ABC stock?
| $0.00 | ||
| $110 | ||
| $165 | ||
| $330 |
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Case Studies In Finance
Authors: Robert F. Bruner
4th Edition
0072338628, 978-0072338621
