Question

On July 7, you purchased 500 shares of Wagoneer, Inc. stock for $21 a share. On August 1, you sold 200 shares of this stock for $28 a share. You sold an additional 100 shares on August 17 at a price of $25 a share. The company declared a $0.95 per share dividend on August 4 to holders of record as of Wednesday, August 15. This dividend is payable on September 1. How much dividend income will you receive on September 1 as a result of your ownership of Wagoneer stock

Answer 1

Answer:$190 total

Explanation: most of the information is trying to throw you off what matters is that you sold in total 300 of your 500 shares and are left with 200 shares. If you times that by the amount per share you get 0.95 you end up with your amount by the day of $190. Hopes this helps!