On May 18th,you purchased 1,000 shares of Buy Lo stock.On June 5th,you sold 200 shares of this stock for $21 a share.You sold an additional 400 shares on July 8th at a price of $22.50 a share.The company declared a $.50 per share dividend on June 25th to holders of record as of Thursday,July 10th.This dividend is payable on July 31st.How much dividend income will you receive on July 31st as a result of your ownership of this firm's stock?
A) $100
B) $200
C) $300
D) $400
E) $500
Correct Answer:
Verified
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