Patsy Banz Owns 200 Shares of a Stock

question 2

Multiple Choice

Patsy Banz owns 200 shares of a stock.For the last calendar quarter,the company paid a dividend of $0.45 a share.What is the total amount she received in her dividend check for this quarter?

• A)$0.45
• B)$45.00
• C)$100.00
• D)$90.00
• E)$200.00

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Definitions:

Interest-on-Interest

Earnings on the reinvestment of previous interest payments on fixed income investments or savings.

Reinvested

The process of using earned profits or dividends to purchase additional shares or assets, rather than distributing them as dividends.

Investment

Allocation of resources, such as time, money, or effort, in hope of future benefits or returns.

Future Value

The eventual worth of an asset or cash that matches the value of a predetermined present sum.