On May 18th,you purchased 1,000 shares of BuyLo.On June 5th,you sold 200 shares for £21 a share.You sold an additional 400 shares on July 8th at a price of £22.50 a share.The company declared a £.50 per share dividend on June 25th to holders of record as of Thursday,July 10th.This dividend is payable on July 31st.How much dividend income will you receive on July 31st as a result of your ownership of BuyLo shares?
A) £100
B) £200
C) £300
D) £400
E) £500
Correct Answer:
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