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Al Owns 800 Shares of the Good Life Co

Question 48

Multiple Choice

Al owns 800 shares of The Good Life Co.The company recently issued a statement that it will pay a dividend per share of $0.55 this year and a $0.60 per share dividend next year.Al does not want any dividend income this year but does want as much dividend income as possible next year.Al earns 9 percent on his investments.Ignoring taxes,what will Al's total homemade dividend be next year?


A) $910.20
B) $920.00
C) $930.50
D) $941.80
E) $959.60

Correct Answer:

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