Seven months ago, you purchased 580 shares of Mitchum Trading for $70.53 per share. The stock pays a quarterly dividend of $.39 per share and is currently priced at $71.71. What is the total dividend income youreceived?y cloudyMultiple ChoiceO$226.20O$684.40$510.40$568.40$452.40Search< Prev30 of 30·Next >Jy1:42 PM8/8/2023

Variables in the question:Period of purchase=7 months agoNo. of shares purchased=580Dividend per…

Answered: Seven months ago, you purchased 580…

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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Seven months ago, you purchased 580 shares of Mitchum Trading for $70.53 per share. The stock pays a quarterly dividend of $.39 per share and is currently priced at $71.71. What is the total dividend income you received? Multiple Choice O O $226.20 O $684.40 $510.40 $568.40 $452.40 G