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Semenov [28]
3 years ago
7

West Wind Tours stock is currently selling for $48 a share. The stock has a dividend yield of 3.2 percent. How much dividend inc

ome will you receive per year if you purchase 200 shares of this stock?
Business
1 answer:
Readme [11.4K]3 years ago
8 0

Answer:

$307.2 per year

Explanation:

We know that,

Dividend yield = Percentage of the current stock selling price

So, the dividend would be

= $48 × 3.2%

= $1.536

For 200 shares, the dividend income would be

= Number of shares purchased × dividend per share

= 200 shares × $1.536

= $307.2 per year

First, we have to find out the dividend per share and then multiply it by the number of shares purchased

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