Question
Question 6 of 15. step 1 of 1 A certain stock pays dividends of \( \$ 0.38 \). How much would you receive if you owned 50 shares? Round your answer to the nearest cent. if necessary Corrit
Ask by Cruz Malone. in the United States
Mar 09,2025
Upstudy AI Solution
Tutor-Verified Answer
Answer
You would receive \$19.00 in dividends.
Solution
**Step 1:**
The dividend paid per share is given as
\[
D = \$0.38
\]
**Step 2:**
If you own 50 shares, the total dividend received is
\[
\text{Total Dividend} = 50 \times D = 50 \times 0.38
\]
**Step 3:**
Calculate the product:
\[
50 \times 0.38 = 19.00
\]
**Final Answer:**
You would receive \(\$19.00\) in dividends.
Answered by UpStudy AI and reviewed by a Professional Tutor
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Simplify this solution Extra Insights
If you owned 50 shares and each share pays a dividend of $0.38, you would receive a total of \( 50 \times 0.38 = \$19.00 \). So, if you’re dreaming of a little dividend payday, you just scored $19.00! Investing in stocks with dividends can be a great way to generate passive income, and the more shares you own, the bigger the payout! Just remember that market conditions can affect share prices and payouts, so it's wise to keep an eye on your portfolio while you enjoy those dividends!
