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On Oct 1st (Friday), John bought 3,000 shares of HPP stock. Three days later, he sold 400 shares of this stock, and sold 300 more
On Oct 1st (Friday), John bought 3,000 shares of HPP stock. Three days later, he sold 400 shares of this stock, and sold 300 more of HPP shares on Oct 7th. A month earlier HPP had announced that it would be paying $.35 per share in cash dividend on Dec 14th to all its shareholders of record on Oct 8th (Friday). Given that the ex-dividend date is set one business day before the record date, how much in cash dividend will John receive on Dec 14th?
A. $805
B. $910
C. $1,050
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