West Wind Tours stock is currently selling for $48 a share. The stock has a dividend yield

Question:

West Wind Tours stock is currently selling for $48 a share. The stock has a dividend yield of 2.6 percent. How much dividend income will you receive per year if you purchase 200 shares of this stock?

A. $24.96

B. $36.20

C. $124.80

D. $362.00

E. $249.60

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...