Question

11. A stock selling for $56 per share pays a 9% dividend. 11. Find the dividend per share.
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Answer 1

$5.04

Explanation:

We Know

A stock selling for $56 per share pays a 9% dividend.

Find the dividend per share.

We Take

9% = 0.09

56 · 0.09 = $5.04

So, the dividend per share is $5.04