Question

Six months ago, you purchased 100 shares of stock in Global Trading at a price of $38.70 a share. The stock pays a quarterly dividend of $1.15 a share. Today, you sold all of your shares for $40.10 per share. What is the total amount of your dividend income on this investment?

A. $230
B. $215
C. $245
D. $250
E. $260

Answer 1

total amount of dividend income = 230

correct option is A. $230

Step-by-step explanation:

given data

shares = 100

Global Trading = $38.70

quarterly dividend = $1.15

sold shares = $40.10

to find out

What is the total amount of your dividend income on this investment

solution

we get here total amount of dividend income that is express as

total amount of dividend income = dividend per quarter × number of quarters × shares .........................1

put here value we get

total amount of dividend income = 1.15 × 2 × 100

total amount of dividend income = 230

correct option is A. $230