For Questions 15 - 18 You purchased 200 shares of ABC stock on July 15th. On July 20th, you sold 100 shares and then on July 22nd you purchased your final 200 shares of ABC stock. The company declared a dividend of $1.10 a share on July 5th to holders of record on Thursday, July 22nd. The dividend is payable on July 31st. How many shares of dividends will you receive for the 200 shares that purchased on July 15th

Question

Austin Patterson

Business

21 June, 01:17

For Questions 15 - 18 You purchased 200 shares of ABC stock on July 15th. On July 20th, you sold 100 shares and then on July 22nd you purchased your final 200 shares of ABC stock. The company declared a dividend of $1.10 a share on July 5th to holders of record on Thursday, July 22nd. The dividend is payable on July 31st. How many shares of dividends will you receive for the 200 shares that purchased on July 15th

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Answers (1)

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Chi Chi · Answer 1

100 shares

Explanation:

The computation of the number of shares for which the dividend is received that purchased on July 15 is shown below:

Since it is given that 200 shares are purchased on July 15 and on July 20, 100 shares are sold and on July 22, the final 200 shares are purchased

So in the given case, the number of shares for which the dividend is received is of 100 shares as the same shares is purchased on July 15 and their record date of the dividend is on July 22