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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 $.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?

Respuesta :

BlueSky06
We can get the total dividend income by multiplying the shares bought at the at the par value then add the interest acquired.
Total value of shares sold = 100 shares * $40.1
                             = $4010
You get 1 dividend share for the 6-month term
interest= $0.15*100
             =$15
value of shares bought = 100 shares x $38.7
                        =$3870
Total income = total value of shares sold + interest - value of shares bought
                       =$4010+$15-$3870
                       = $155
The total income for this investment is $155.


 

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