Henry purchased 200 shares of ABC stock on April 1 at a price of $32.98 a share. ABC paid quarterly dividends of $.25 a share on May 15 and August 15. ABC also had a 2-for-1 stock split on July 10. Henry sold all of his shares at $28.90 a share on August 13. Ignore all trading costs and commissions. What is the amount of the total profit (or loss) that Henry made on ABC stock?

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Henry purchased 200 shares at $32.98, for a total cost of $6,596. He received $100 in dividends (200 shares x $0.25 x 2 quarters). The stock split doubled his shares to 400, which he sold at $28.90, for a total of $11,560. Subtracting his cost and adding the dividends, his total profit is $5,164.

Henry Purchased 200 Shares of ABC Stock on April 1