One year ago,you purchased a stock at a price of $32.50. The stock pays quarterly dividends of $.40 per share. Today,the stock is worth $34.60 per share. What is the total amount of your dividend income to date from this investment?
A) $0.40
B) $1.60
C) $2.10
D) $2.50
E) $3.70

Question

Quizplus · Accepted Answer

The stock pays quarterly dividends of $.40 per share, so in one year (4 quarters), you would have received $1.60 in dividends.

One Year Ago,you Purchased a Stock at a Price of $32.50