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16 September, 04:42

Six months ago, you purchased 100 shares of stock in Global Trading at a price of $38.70 a share. The stock pays a quarterly dividend of $1.15 a share. Today, you sold all of your shares for $40.10 per share. What is the total amount of your dividend income on this investment?

A. $230

B. $215

C. $245

D. $250

E. $260

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Answers (1)
  1. 16 September, 04:57
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    total amount of dividend income = 230

    correct option is A. $230

    Explanation:

    given data

    shares = 100

    Global Trading = $38.70

    quarterly dividend = $1.15

    sold shares = $40.10

    to find out

    What is the total amount of your dividend income on this investment

    solution

    we get here total amount of dividend income that is express as

    total amount of dividend income = dividend per quarter * number of quarters * shares ... 1

    put here value we get

    total amount of dividend income = 1.15 * 2 * 100

    total amount of dividend income = 230

    correct option is A. $230
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