Michelle smith bought 30 shares of james company stock at $34 per share. the company paid annual dividends of $0.42 per share. what is the total annual dividend? show work a) 9.78 b) 12.60 c) 1.69 d) 11.97

The right option is B) 12.60

Step-by-step explanation:

We have given,

Number of shares = 30

Cost of each share = $34

Total cost of shares = 30 × 34 = $1020

Since the company paid annual dividends of $0.42 per share.

i.e Total annual dividend company paid = 0.42 × 30

Total annual dividend company paid = $ 12.60

Hence the right option is B) 12.60

y = 3x+4

step-by-step explanation:

to find the slope

slope = (y2-y1)/ (x2-x1)

    = (-8-4)/ (-4-0)

    = -12/-4

  = 3

using the slope intercept form of a line

y= mx+b

we know the slope is 3

we know the y intercept is 4 ( the point where it crosses the y axis or x=0)

y = 3x+4

soo this can be solve by using the formula:

f = p( 1 + i)^ n

where f is the future profit

p is the initial profit

i is the percent increase

n is the number of years

a . f = 30000 ( 1.05)^n

b. f = 30000 ( 1.05)^15

f = $62,368