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How much interest earned per year?
John buys 500 shares of mkbel (make believe) stock. It sells for $7.62 a share. The dividend yield per share is .72 cents annually. How much interest will he earn per year? Thank you.
- BryceLv 72 months agoFavourite answer
500*0.72= $360 in dividends per year.
- rotchmLv 72 months ago
You mean, how much dividend he earns, not how much interest. Interest & dividends are different things.
He bought 500/7.62 shares. Nope! He bought 500 shares. I need to learn how to read.
Then, for each share, he gets 0.72$. So, multiply the 500 by 0.72. The answer will be how much money, dividends, you made/received.
So, what is your final answer?