Larissa invests $8,000 by purchasing 400 shares of a dividend-paying stock. Each share
pays an annual dividend of $0.52 every year.
a. What is the total value in dividends Larissa would receive over 12 years of
owning this stock? Assume the dividend rate does not change.
b. At what price did Larissa purchase each share?
c. If Larissa sells the stock after 12 years at a price of $32.80 per share, how much
did she gain or lose over the 12 years?