Mark Bought 100 Shares of XYZ Stock on January 5

question 242

Multiple Choice

Mark bought 100 shares of XYZ stock on January 5 at $12.05 per share. XYZ declared a $0.30 per share dividend on February 24 with a record date of Friday, March 24 and a payment date of April 15. Mark sold his 100 shares on March 22 at a price of $13.22 a share. How much did Mark make on this investment?

• A) $87
• B) $117
• C) $127
• D) $147
• E) $177

---

Definitions:

Subscriber

An individual who has agreed to receive services or content, typically on a recurring basis, from a provider.

Carrier

A reservoir host who is unaware of the presence of a pathogen and so spreads the disease while exhibiting no symptoms of infection.

Healthcare Insurance

A form of insurance coverage that pays for medical and surgical expenses incurred by the insured.

Premium

The basic annual cost of healthcare insurance.