You own 1,250 shares of stock X. You read in the newspaper that the dividend for the

Question:

You own 1,250 shares of stock X. You read in the newspaper that the dividend for the stock is 3.88. What did you earn in dividends?

Dividend
A dividend is a distribution of a portion of company’s earnings, decided and managed by the company’s board of directors, and paid to the shareholders. Dividends are given on the shares. It is a token reward paid to the shareholders for their...

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