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Homework answers / question archive / P15–2 Sylvia Scott owns 800 shares of Simone Corporation
P15–2 Sylvia Scott owns 800 shares of Simone Corporation. At the annual dividend meeting, a dividend payment of $1.05 was declared to be paid on September 30 to all the holders of record as at September 9. a. What is the amount of the dividend Sylvia would receive on September 30? b. If Sylvia increased her stockholding to 900 shares on September 10, what is the amount of the dividend she would receive on September 30? c. What effect does declaring this dividend have on stock prices on September 7? d. If Sylvia sold 200 shares for a total of $1,000 on September 15, what is the amount of the dividend she would receive on September 30?
