Multiple Choice
The Rent It Company declared a dividend of $.60 a share on October 20th to holders of record on Monday,November 1st.The dividend is payable on December 1st.You purchased 100 shares of this stock on Wednesday,October 27th.How much dividend income will you receive on December 1st as a result of this declaration?
A) $0
B) $1.50
C) $6.00
D) $15.00
E) $60.00
Correct Answer:
Verified
Correct Answer:
Verified
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