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On July 15, 2020, Harris Pilton Inc. purchased 700 shares of Bobo's Balloons for $25.00 per share. Bobo's Balloons has 30,000 shares of stock outstanding.

On July 15, 2020, Harris Pilton Inc. purchased 700 shares of Bobo's Balloons for $25.00 per share. Bobo's Balloons has 30,000 shares of stock outstanding. On December 1, Bobo's Balloons declared and paid an $0.75 cash dividend per share. Based on this information, how much cash dividends did Harris Pilton receive? Select one: a. $300 b. $725 c. $700 d. $325 e. $525

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