Business, 27.03.2020 00:27 chayaharroch03

You purchased 500 shares of ABC stock on May 8. On May 16, you purchased another 200 shares and then on May 20 you purchased a final 100 shares of ABC stock. The company declared a dividend of $.94 a share on May 6 to holders of record on Friday, May 22. The dividend is payable on June 12. Assume it takes 2 business days to clear the transactions of ABC stock (i. e. T 2), how much dividend income will you receive on June 12

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You purchased 500 shares of ABC stock on May 8. On May 16, you purchased another 200 shares and then...