One year ago,you purchased a stock at a price of £32.50.The equity pays quarterly dividends of £.40 per share.Today,the shares are worth £34.60.What is the total amount of your dividend income to date from this investment?
A)£0.40
B)£1.60
C)£2.10
D)£2.50
E)£3.70

Question

Quizplus · Accepted Answer

The stock pays quarterly dividends of £0.40 per share. Over one year, there are 4 quarters, so the total dividend income is 4 * £0.40 = £1.60.

One Year Ago,you Purchased a Stock at a Price of £32.50.The