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Peterson Nurseries declared a dividend of $.80 a share on June 1 to holders of record on Tuesday, June 18. The dividend is payable on

Peterson Nurseries declared a dividend of $.80 a share on June 1 to holders of record on Tuesday, June 18. The dividend is payable on July 1. You purchased 300 shares of this stock on Friday, June 14. How much dividend income will you receive on July 1 from Peterson Nurseries?

Multiple Choice

$80

$60

$120

$240

$0

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