Luis owns 300 shares of a stock that plans to pay a special $4.65 per share dividend 1 year from today and a final $.32 per share dividend 2 years from today. He does not desire any dividend income in 2 years but wants all of his dividends in 1 year. He can borrow and lend at 9 percent. Ignoring taxes, what will be his total homemade dividend in 1 year?

Multiple Choice

• $1,491.00

• $1,306.93

• $1,208.15

• $1,845.15

• $1,616.55