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You own 400 shares in Company XYZ on 1 November 2020. The company declared a dividend of R2 per share on 7 November 2021. The

You own 400 shares in Company XYZ on 1 November 2020. The company declared a dividend of R2 per share on 7 November 2021. The cum-dividend date is 4 January 2021. You bought an additional 200 shares on 4 January 2021 and another 250 shares on 5 January 2021. What is the total dividend income that you will receive? (4 marks)

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