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9 April, 09:52

Michelle smith bought 30 shares of james company stock at $34 per share. the company paid annual dividends of $0.42 per share. what is the total annual dividend to the nearest cent? $1.69 $11.97 $12.60 $9.78

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  1. 9 April, 10:09
    0
    Answer: $12.60

    Explanation: Michelle smith has bought 30 shares of James company stock at $34 per share.

    Number of shares = 30 Shares

    Annual dividend paid per share = $0.42 per share.

    Total Annual dividend = 30 * $0.42

    Total Annual Dividend = $12.60

    Therefore the company pays $12.60 as the total annual dividend to Michelle Smith who has 30 shares of the company.
  2. 9 April, 10:17
    0
    The number of shares purchased = 30 shares

    Annual dividend per share = $ 0.42

    Total annual dividends = Number of shares purchased * Annual dividend per share

    Total annual dividends = 30 shares * $ 0.42 = $ 12.60

    Thus, the total annual dividends = $ 12.60
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