Question

Candace is considering purchasing a common stock that pays an annual dividend of $3.42 per share. If she purchases 400 shares for $53.18 per share, what would her annual income be from dividends?

Answer 1

Answer:

$1368

Step-by-step explanation:

Income from dividends = price per share x number of dividends purchased

$3.42 x 400 = $1368