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21 October, 14:17

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. 21 October, 16:15
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    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.
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