Final answer:
The first annual dividend for Tiffany is calculated by multiplying the quarterly dividend of $0.17 by four, resulting in $0.68, which corresponds to answer C.
Step-by-step explanation:
The question is asking to calculate the first annual dividend for a jewelry company, Tiffany, given that their quarterly dividend was $0.17 during the second quarter. To find the annual dividend, you would multiply the quarterly dividend by the number of quarters in a year, which is four.
Annual Dividend = Quarterly Dividend × Number of Quarters
Annual Dividend = $0.17 × 4 = $0.68
Therefore, the first annual dividend that Tiffany paid was $0.68, making the answer C. $0.68.