Plyler Cabinets Declared a Dividend of $1

question 93

Multiple Choice

Plyler Cabinets declared a dividend of $1.32 per share on May 30 to holders of record on Monday, June 12. The dividend is payable on June 16. Sara purchased 300 shares of this stock on Thursday, June 8. How much dividend income will she receive on June 12 from these shares?

• A) $0
• B) $396
• C) $167
• D) $198
• E) $132

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