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10 March, 13:46

Bryant Peters bought 75 shares of Elkston stock for $24.13 per share. The company paid annual dividends of $0.29 per share. What is the total annual dividend? Show work.

A) 32.10

B) 21.99

C) 21.75

D) 22.00

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  1. 10 March, 14:02
    0
    The right option is C) 21.75

    Step-by-step explanation:

    we have given,

    Number of shares = 75

    Cost of each share = $24.13

    Total cost of shares = 75*24.13 = $1809.75

    since the company paid annual dividends of $0.29 per share.

    Total annual dividends company paid = 75*0.29 = $21.75

    Hence the right option is C) 21.75
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