Solved: Shares of stock at a price of 45 per share on october, Cost Accounting

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Shares of stock at a price of 45 per share on october

Leon Williams is an investor in Springfield Corporation. On September 1, YearOne, he purchased 150 shares of stock at a price of $45 per share. On October 15,Year One, Springfield distributed dividends of $1.50 per share. On December 31,Year One, Springfield's stock is selling for $47 per share. Which of the following is the value of Leon's investment on December 31, Year One?

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Cost Accounting: Shares of stock at a price of 45 per share on october

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