Question

matt has 492,000 shares of a preferred stock that pays $1.87 a share return. what yearly income can matt expect from his stock

Answer 1

The yearly income that matt can expect from his stock is $920,040.

Stock yearly income to expect:

Using this formula

Yearly income=Number of shares of preferred stock × Share return

Where:

Number of shares of preferred stock=492,000 shares

Share return=$1.87

Let plug in the formula

Yearly income=492,000×$1.87

Yearly income=$920,040

Inconclusion the yearly income that matt can expect from his stock is $920,040.

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