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Six Months Ago, You Purchased 50 Shares of Stock in First

Question 92

Multiple Choice

Six months ago, you purchased 50 shares of stock in First Place Co. at a price of $41.68 a share. First Place stock pays a quarterly dividend of $.40 a share. Today, you sold all of your shares for $44.12 per share. What is the total amount of your dividend income on this investment?


A) $20
B) $40
C) $80
D) $100
E) $122

Correct Answer:

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