Question

During the year you own Nike stock earn a dividend of 1.25 per share. You own 720 shares.How much did you earn in dividends? How did you arrive at your answer?

Answer 1

900 shares

Step-by-step explanation:

Given that

Dividend per share = 1.25

Number of shares owned = 720 shares

So, the earning made due to dividend would be

= Number of shares owned × Dividend per share

= 720 shares × 1.25 per share

= 900 shares

We simply multiplied the number of shares with the dividend per share so that the correct value could come