Question

5) You invest in 200 shares of Lerner Windows stock and receive a semiannual dividend of

$0.78 a share. At that rate, what will be your annual income from the investment?

Answer 1

your annual income from the investment would be $312.

Explanation:

If you invest in 200 shares of Lerner Windows stock and receive a semiannual dividend of $0.78 a share, your annual income from the investment would be:

$0.78 x 200 shares = $156 in semiannual dividends

To find the annual income, you would multiply the semiannual dividends by 2:

$156 x 2 = $312

So, your annual income from the investment would be $312.