Amount of dividends received throughout the year
Kevin purchased a stock a year ago that pays a dividend. He has earned a 50%. The stock was purchased for $16 and is now worth $21. What is the amount of dividends received during the year?
a. $5
b. $4
c. $3
d. $2
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You want to go to Europe five years from now, and you can save $3,100 per year, starting one year from today. You plan to deposit the funds in a mutual fund which you think will return 8.5% per year.
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Kevin purchased a stock a year ago which pays a dividend. He has earned a 50%. The stock was purchased for $16 and is now worth $21. Determine the amount of dividends received throuout the year?
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