An investor has 220 shares of Exxon/Mobil stock, which pays a quarterly dividend of $0.40 per share. What is his/her quarterly dividend payment?

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To determine the quarterly dividend payment for the investor, you need to multiply the number of shares owned by the dividend per share. In this case, the investor owns 220 shares of Exxon/Mobil stock, and each share pays a dividend of $0.40.

The calculation is as follows:

Quarterly dividend payment = Number of shares × Dividend per share
Quarterly dividend payment = 220 shares × $0.40
Quarterly dividend payment = $88

Thus, the quarterly dividend payment for the investor is $88. This amount reflects the total income derived from owning these shares in that particular quarter due to the dividends distributed by the company.