Thinking Mathematically (6th Edition)

Published by Pearson
ISBN 10: 0321867327
ISBN 13: 978-0-32186-732-2

Chapter 8 - Personal Finance - Chapter 8 Test - Page 573: 16

Answer

if a person is having 1000 shares, he will get the dividend of \[2.03\times 1,000\]or\[\$2,030\].

Work Step by Step

Find out the dividend paid per share last year by simply looking at the Div. section in the stock table. The dividend price is mentioned in terms of dollars and given as 2.03. It implies that dividend paid by the company is $2.03 per share to the stock holders last year. Hence, if a person is having 1000 shares, he will get the dividend of \[2.03\times 1,000\]or\[\$2,030\].
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