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26 July, 02:48

During the year you own Nike stock earn a dividend of 1.25 per share. You own 720 shares. How much did you earn in dividends? How did you arrive at your answer?

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  1. 26 July, 03:02
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    900 shares

    Explanation:

    Given that

    Dividend per share = 1.25

    Number of shares owned = 720 shares

    So, the earning made due to dividend would be

    = Number of shares owned * Dividend per share

    = 720 shares * 1.25 per share

    = 900 shares

    We simply multiplied the number of shares with the dividend per share so that the correct value could come
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