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11-11-2020
Business

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If you own 1,600 shares of Company stock that pays a dividend of \$0.20/share. Then what is the total dividend you will receive using the discount rate is 4.5% (EAR).

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SerenaBochenek SerenaBochenek

12-11-2020

Answer:

The correct solution would be "320".

Explanation:

The given values are:

Number of shares

= 1,600

Dividend per share

= $0.20

Now,

The received dividend will be:

= [tex]Number \ of \ shares\times Dividend \ per \ share[/tex]

= [tex]1600\times 0.20[/tex]

= [tex]320[/tex]

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