Question

4 pts Question 15 Winslow, Inc. stock is currently selling for $40 a share. The stock has a dividend yield of 3.8 percent. How much dividend income will you receive per year if you purchase 500 shares of this stock? $190 $760 $329 $1,053 $152

Answer 1

Solution:-

To Calculate Dividend per year -

Dividend Yield = $\frac{Dividend}{Current Price}$

0.038 = $\frac{Dividend}{40}$

Dividend = 40 * 0.038

Dividend = $1.52

Number of Shares = 500

Dividend Recieved per year = 500 * 1.52

Dividend Recieved per year = $760

The Correct Answer is point B i.e. $760

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