You purchased 400 shares of Gamma, Inc. stock on September 11. On September 12, you purchased another 200 shares and then on September 14 you purchased another 100 shares of
Gamma stock. Gamma declared a dividend of $1.40 per share on August 25 to holders of record on
Friday, September 15. The dividend is payable on October 10. How much dividend income will you
Receive in October from Gamma?
A) $0
B) $140
C) $560
D) $840
E) $980
Correct Answer:
Verified
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