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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?

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Based on the number of shares you bought and the dividend per share, the total dividend income you received was $452.40.

How much dividend income was received?

The stock was held for 7 months and there are 2 quarters in a space of seven months so two dividends were received.

The amount received is:

= Number of share x Number of quarters x dividend per quarter

= 580 x 2 x 0.39

= $452.40

Find out more on dividends at https://brainly.com/question/25845157.

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