asked 37.5k views
16 votes
PLEASE HELPPP!!! my teacher doesn’t teach right and im extremely confused

5. ALGEBRA Sandy Schabel owns 400 shares of Exxon
Mobil (XOM) stock. After the quarterly dividends are reinvested
under a dividend reinvestment program (DRIP), she owns
401.6 shares. XOM is selling at $86.40 a share. Find the annual
dividend per share and the annual yield for XOM.

asked
User Nacho
by
7.6k points

1 Answer

11 votes

$34,698.24 is the total amount of money if you sell the stocks, im sorry I don't think this is what you are looking for I barely understood the question.

>-<

answered
User HamZa
by
9.1k points
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