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On May 18th, You Purchased 1,000 Shares of BuyLo

Question 58

Multiple Choice

On May 18th, you purchased 1,000 shares of BuyLo.On June 5th, you sold 200 shares 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 BuyLo shares?


A) £100
B) £200
C) £300
D) £400
E) £500

Correct Answer:

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