One year ago, you purchased a stock at a price of $32.50. The stock pays quarterly dividends of $.40 per share. Today, the stock is worth $34.60 per share. What is the total amount of your dividend income to date from this investment?

A) $.40
B) $1.60
C) $2.10
D) $2.50
E) $3.70

Question

Sophia Field · Accepted Answer

Final Answer : B, Explanation :  Since the stock pays quarterly dividends of $.40 per share and a year has passed, you would have received four dividend payments. Therefore, the total dividend income is $.40 x 4 = $1.60.

One year ago, you purchased a stock at a price of $32.50. The stock pays quarterly dividends of $.40 per share. Today, the stock is worth $34.60 per share. What is the total amount of your dividend income to date from this investment?

A) $.40
B) $1.60
C) $2.10
D) $2.50
E) $3.70

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Learning Objectives

Related questions

One year ago, you purchased a stock at a price of $32.50. The stock pays quarterly dividends of $.40 per share. Today, the stock is worth $34.60 per share. What is the total amount of your dividend income to date from this investment?A) $.40B) $1.60C) $2.10D) $2.50E) $3.70

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Learning Objectives

Learning Objectives

Related questions

One year ago, you purchased a stock at a price of $32.50. The stock pays quarterly dividends of $.40 per share. Today, the stock is worth $34.60 per share. What is the total amount of your dividend income to date from this investment?

A) $.40
B) $1.60
C) $2.10
D) $2.50
E) $3.70