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babymother [125]
3 years ago
9

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?
Mathematics
1 answer:
Katyanochek1 [597]3 years ago
5 0

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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