You own 200 shares of stock in a company, and recently a cash dividend of $0.50/share was declared to be paid on April 18 (a Wednesday) to shareholders of record on March 22 (a Thursday).

1. How much in dividends, if any, will you receive if you sell your stock on March 20?
2. Would there be a difference if you had sold the stock on March 18^th?
3. Assume that you hold on to the stock rather than sell. If you belong to the company's dividend reinvestment plan, how many new shares would you receive in common stock if the stock is currently trading for $40 and the plan offers a 5% discount on the share price (assume all dividends are diverted to the DRIP)? Answer: # of stocks (three decimal places)
4. Will you have to pay any taxes based on the actions presented in sub-question #3 above? Y or N