On June 9^th,you Purchased 3,000 Shares of SP Stock

Multiple Choice

On June 9^th,you purchased 3,000 shares of SP stock. On July 5^th,you sold 400 shares of this stock for $21 a share. You sold an additional 400 shares on July 18^th at a price of $22.50 a share. The company declared a $.30 per share dividend on June 20^th to holders of record as of July 10^th. This dividend is payable on July 31^st. How much dividend income will you receive on July 31^st as a result of your ownership of SP stock?

A) $120
B) $780
C) $810
D) $1,000
E) It is impossible to calculate with the information given