Solved

Luis Owns 800 Shares of a Stock That Announced It

Question 66

Multiple Choice

Luis owns 800 shares of a stock that announced it will pay a special $3.30 per share dividend one year from today and a regular $.30 per share dividend two years from today.He does not desire any dividend income this year but does want the maximum available to him next year.He can earn 12 percent on his funds.Ignoring taxes,what will be his total homemade dividend in two years?


A) $3,580.42
B) $2,880.00
C) $3,208.15
D) $3,196.80
E) $2,845.15

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents