The yearly income that matt can expect from his stock is $920,040.
<h3>
Stock yearly income to expect:</h3>
Using this formula
Yearly income=Number of shares of preferred stock × Share return
Where:
Number of shares of preferred stock=492,000 shares
Share return=$1.87
Let plug in the formula
Yearly income=492,000×$1.87
Yearly income=$920,040
Inconclusion the yearly income that matt can expect from his stock is $920,040.
Learn more about yearly income here:brainly.com/question/8508440
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Answer:
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