Aaron purchased 500 shares of KMP stock on May 8. On May 16, he purchased another 200 shares and then on May 20 he purchased a final 100 shares of KMP stock. The company declared a dividend of $.94 a share on May 6 to holders of record on Friday, May 22. The dividend is payable on June 12. How much dividend income will Steve receive on June 12?

Steve will receive $752 dividend income on June 12.

Explanation:

=> Dividend is declared on May 6 to holders of record on Friday, May 22.

=> Aaron shares purchased before May 22 are:

500 shares on May 8

200 shares on May 16

100 shares on May 20

∴ 800 shares  in total

Aaron is having Total 800 Shares as on May 22. So he will receive Dividend for 800 shares.

since Dividend per share = $0.94 , therefore

Total Dividend = 0.94 x Total share ==> 0.94 x 800  

Total dividend = $752

the first successful, urban blues recording, selling more than 75,000 copies, was made in year 1920.

mamie smith recorded the first commercially successful example of the urban blues,   with the recording of “crazy blues”."crazy blues" was recorded on august 10, 1920, in new york city. within a month of the release of “crazy blues” it had sold 75,000 copies.