Calculate the actual amount paid for and the dividend received from the below transaction
600 $2 shares at 180k, dividend 7%?
To calculate the actual amount paid for the shares and the dividend received, we need to follow these steps:
Step 1: Calculate the total amount paid for the shares
To calculate the total amount paid for the shares, multiply the number of shares (600) by the price per share ($2):
Total amount paid for shares = Number of shares * Price per share
= 600 * $2
= $1200
Therefore, the actual amount paid for the shares is $1200.
Step 2: Calculate the dividend received
To calculate the dividend received, we need to multiply the total amount paid for the shares by the dividend rate.
Dividend = Total amount paid for shares * Dividend Rate
= $1200 * 7%
= $1200 * 0.07
= $84
Therefore, the dividend received from the transaction is $84.