5
QuizMultiple Choice

Investing in Stocks

Question 5 • Financial Math A

Rayje Clothiers stock pays a yearly dividend of $9.03 and trades for $159.50 per share. If Eli owns stock in Rayje Clothiers worth $14,833.50, how much does Rayje Clothiers pay Eli in annual dividends?a.$884.94b.$790.11c.$1,642.69d.$839.79

Answer
A
A
B
B
C
C
D
D
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Rayje Clothiers stock pays a yearly dividend of…