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One Year Ago, Tina Purchased 200 Shares of Addado Companies

Question 61

Multiple Choice

One year ago, Tina purchased 200 shares of Addado Companies at a cost of $38.90 a share. The stock pays quarterly dividends of $.65 per share. Today, Tina sold her shares for $41.20 per share. How much dividend income did Tina receive as a result of her ownership of these shares?


A) $130
B) $275
C) $460
D) $520
E) $590

Correct Answer:

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