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On July 7,you Purchased 500 Shares of Wagoneer,Inc

Question 46

Multiple Choice

On July 7,you purchased 500 shares of Wagoneer,Inc.stock for $21 a share.On August 1,you sold 200 shares of this stock for $28 a share.You sold an additional 100 shares on August 17 at a price of $25 a share.The company declared a $0.95 per share dividend on August 4 to holders of record as of Wednesday,August 15.This dividend is payable on September 1.How much dividend income will you receive on September 1 as a result of your ownership of Wagoneer stock?


A) $0
B) $190
C) $285
D) $360
E) $475

Correct Answer:

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