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Suppose a company declared on January 20th that they are going to pay a cash dividend of $1 a share to shareholders on the record

Suppose a company declared on January 20th that they are going to pay a cash dividend of $1 a share to shareholders on the record list as of Friday April 3rd. The dividend is going to be paid out on June 8th. How much dividend should an investor receive if s/he bought 100 shares on April 1st?

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none of the above

$100

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