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Several years ago, you bought some shares of TD bank at $ 4 5 per share. TD pays a dividend of $ 0 . 2

Several years ago, you bought some shares of TD bank at $45 per share. TD pays a dividend of $0.25/share every 3 months. You are considering selling 60 shares to pay for your tuition. If the interest rate is currently 4% compounded quarterly, calculate your total expected gain (or loss) from selling the 60 shares. The next dividend is due in 3 months.
A) $25, Gain
B) $1,200, Loss
C) $20, Loss
D) $1,200, Gain
E) $20, Gain
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