The Rent It Company Declared a Dividend of

question 6

Multiple Choice

The Rent It Company declared a dividend of $.55 a share on October 20^th to holders of record on Monday,November 1^st.The dividend is payable on December 1^st.You purchased 100 shares of Rent It Company stock on Wednesday,October 27^th.How much dividend income will you receive on December 1^st from the Rent It Company?

• A)$0
• B)$1.50
• C)$5.50
• D)$55.00
• E)$110.00

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Definitions:

Coordination

The process of organizing people or groups so that they work together efficiently and effectively towards a common goal.

Mass Media

Various forms of media, such as television, radio, newspapers, and the internet, that reach large audiences with information, entertainment, and advertising.

Communication

The process of exchanging information, ideas, thoughts, and feelings through verbal or non-verbal means.

Mass Medium

A means of communication that reaches large numbers of people, such as television, radio, newspapers, and the internet.