Michelle Smith bought 30 shares of James Company stock at $34 per share. The company paid annual dividends of $0.42 per share. W
hat is the total annual dividend? Show work
A) 9.78
B) 12.60
C) 1.69
D) 11.97
1 answer:
Answer:
The right option is B) 12.60
Step-by-step explanation:
We have given,
Number of shares = 30
Cost of each share = $34
Total cost of shares = 30 × 34 = $1020
Since the company paid annual dividends of $0.42 per share.
i.e Total annual dividend company paid = 0.42 × 30
Total annual dividend company paid = $ 12.60
Hence the right option is B) 12.60
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Correct :)
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