Your portfolio is 300 shares of Sabrina, Incorporated. The stock currently sells for $86 per share. The company has announced a dividend of $1.27 per share with an ex-dividend date of April 19. Assuming no taxes, what is your portfolio value as of April 19? Note: Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32. Portfolio value

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
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#### Portfolio Calculation Exercise

**Scenario:**
You own 300 shares of Sabrina, Incorporated. Currently, each share is valued at $86. The company has declared a dividend of $1.27 per share, with an ex-dividend date on April 19. Without accounting for taxes, determine the portfolio value as of April 19.

**Instructions:**
- Ensure all intermediate calculations are accurate and refrain from rounding.
- Round your final answer to the nearest whole number (e.g., 32).

**Input Area:**
- **Portfolio value:** [Enter your final calculation here]
Transcribed Image Text:#### Portfolio Calculation Exercise **Scenario:** You own 300 shares of Sabrina, Incorporated. Currently, each share is valued at $86. The company has declared a dividend of $1.27 per share, with an ex-dividend date on April 19. Without accounting for taxes, determine the portfolio value as of April 19. **Instructions:** - Ensure all intermediate calculations are accurate and refrain from rounding. - Round your final answer to the nearest whole number (e.g., 32). **Input Area:** - **Portfolio value:** [Enter your final calculation here]
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