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Nitella [24]
3 years ago
14

Jack is purchasing a stock that pays an annual dividend of $3.42 per share. If he purchases 400 shares for $53.18 per share, wha

t would his annual income be from dividends
Mathematics
1 answer:
sergij07 [2.7K]3 years ago
7 0

Answer:

1368 dollars.

Step-by-step explanation:

given that Jack s purchasing a stock that pays an annual dividend of $3.42 per share

No of shares Jack purchased = 400

Price per share = 53.18$

Amount invested by Jack in shares = 400*53.18 =21272 dollars

Annual dividend = 3.42 per share

Total dividend = 400*3.42 = 1368

Annual income from dividends = 1368 $

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\bf \qquad \qquad \textit{ratio relations}
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