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Question - The Rent It Company declared a dividend of $.60 a share on October 20th to holders of record on Monday, November 1st. The dividend is payable on December 1st. You purchased 100 shares of Rent It Company stock on November 20th. How much dividend income will you receive on December 1st from the Rent It Company?
a. $0
b. $1.50
c. $6.00
d. $15.00
e. $60.00
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