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Mark Bought 100 Shares of XYZ Stock on January 5

Question 113

Multiple Choice

Mark bought 100 shares of XYZ stock on January 5 at $12.05 per share. XYZ declared a $0.30 per share dividend on February 24 with a record date of Friday, March 24 and a payment date of April 15. Mark sold his 100 shares on March 22 at a price of $13.22 a share. How much did Mark make on this investment?


A) $87
B) $117
C) $127
D) $147
E) $177

Correct Answer:

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