Ali is considering purchasing a common stock that pays an annual dividend of $8.90 per share. If he purchases 450 shares for $75
.10 per share, what would his annual income be from dividend?
1 answer:
Answer:
$4,005
Step-by-step explanation:
Ali will obtain an annual income of $8.90 for each of his 450 shares. That will total ...
450 × $8.90 = $4,005
Ali's annual dividend income will be $4,005.00.
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