Question

On may 24, 2021, nam dae-jung bought 100 shares of stock from rwm corporation. the quarterly dividend is $1.50 per share and the record date is may 25. how much will nam receive for this quarterly dividend? multiple choice

O $0.00
O $1.50
O $15.00
O $150.00
O $0.15

Answer 1

Nam Dae-jung will receive $150.00 for the quarterly dividend from RWM Corporation after buying 100 shares with a dividend of $1.50 per share.

Step-by-step explanation:

The amount Nam Dae-jung will receive for the quarterly dividend after buying 100 shares of RWM Corporation, with each share having a quarterly dividend of $1.50, is calculated by multiplying the number of shares by the dividend per share. Therefore, Nam Dae-jung will receive:

100 shares × $1.50 per share = $150.00.

As a result, Nam Dae-jung will receive $150.00 for this quarterly dividend.