The stock price rose to 4105 per share and was then sold at, Financial Management

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The stock price rose to 4105 per share and was then sold at

1. Suppose that you purchased 300 shares of a stockat $36 per share, ignoring all comminssions. Assume the stock paid a dividend of $2.15 per share for the year. The stock price rose to $41.05 per share and was then sold at that price. What was the total amount of dividends received?

A. $215

B. $645

C. $1845

D. $12,645

2. Future Value of an Annuity What is the future value of a $640 annuity payment over 9 years if the interest rates are 8 percent?

A. $1,279.36

B. $7,058.22

C. $7,992.04

D. $6,220.80

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