Question: Nik purchased 400 shares of XYZ stock on June 8. On June 16, he purchased another 150 shares and then on June 20 he purchased

Nik purchased 400 shares of XYZ stock on June 8. On June 16, he purchased another 150 shares and then on June 20 he purchased a final 100 shares of XYZ stock. The company declared a dividend of RM0.84 a share on June 6 to holders of record on June 19. The dividend is payable on July 12. How much dividend income will Nik receive on July 12?

Select one:

a. RM752

b. RM658

c. RM640

d. RM462

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SOLUTION ANSWER d RM462 WORKING Record date JUNE 19 NIK is eligible to receive dividend on s... View full answer

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