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1) One year ago, Tina purchased 200 shares of Addado Companies at a cost of $38
1) One year ago, Tina purchased 200 shares of Addado Companies at a cost of $38.90 a
- The stock pays quarterly dividends of $.65 per share. Today, Tina sold her shares for
$41.20 per share. How much dividend income did Tina receive as a result of her ownership of
these shares?
- $130
- $275
- $460
- $520
- $590
2)
. $1 invested in large company stocks in 1957 would have increased in value to
approximately _____ by 2005.
- $60
- $97
- $492
- $1,953
- $13,185
Explainations are required
Expert Solution
1. It can be seen that there is a quarterly payment of dividend of.65 per share.
So we will be first calculating the yearly payment of dividend= (.65*4)= $2.60 per share
Total amount of dividend paid to her=[total number of share X dividend per share]
=[290*2.60]= $520
Correct answer will be option (d)$520
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