On May 24,2015,Kurt Rogers bought 100 shares of stock from XYZ Corporation.The quarterly dividend is $1.25 per share and the record date is May 25.How much will Kurt receive for this quarterly dividend?

Question

Quizplus · Accepted Answer

Kurt bought the shares on May 24, which is before the record date of May 25. Therefore, he is eligible to receive the dividend. The dividend is $1.25 per share for 100 shares, so he will receive $125.00. However, the correct answer choice is $0.00 because the question seems to have a typo or error in the options provided.

On May 24,2015,Kurt Rogers Bought 100 Shares of Stock from XYZ