Question

If you own 15 comma 000 shares of stock of Nike and it pays a dividend of $ 0.21 per​ share, then what is the total dividend you will​ receive? The total dividend that you will receive is ​$ nothing. ​(Round to the nearest​ dollar.)

Answer 1

Answer:

$3,150

Explanation:

Data provided in the question

Number of shares owned = 15,000 shares

Dividend per share = $0.21

So, the total dividend received is

= Number of shares owned × Dividend per share

= 15,000 shares × $0.21 per share

= $3,150

We simply multiplied the number of shares owed with the dividend per share so that the total dividend could come