You purchased 200 shares of ABC stock on July 15th.On July 20th,you purchased another 100 shares and then on July 22nd you purchased your final 200 shares of ABC stock.The company declared a dividend of $1.20 a share on July 5th to holders of record on Friday,July 23rd.The dividend is payable on July 31st.How much dividend income will you receive on July 31st from ABC?
A) $0
B) $120
C) $240
D) $360
E) $550
Correct Answer:
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