Jamie and Peter Dawson own 250 shares of IBM commonstock. IBM’s quarterly dividend is $0.50per share. What is the amount of thedividend check the Dawson couple will receive for this quarter?...

Jamie and Peter Dawson own 250 shares of IBM common stock. IBM’s quarterly dividend is $0.50 per share. What is the amount of the dividend check the Dawson couple will receive for this quarter? (Obj.1)

The quarterly dividend is $125.

Quarterly dividend = 250 shares $0.50 = $125 (pp. 393-394)