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 to the nearest cent? $1.69 $11.97 $12.60 $9.78

The number of shares purchased = 30 shares

Annual dividend per share = $ 0.42

Total annual dividends = Number of shares purchased * Annual dividend per share

Total annual dividends = 30 shares * $ 0.42 = $ 12.60

Thus, the total annual dividends = $ 12.60

Answer: $12.60

Explanation: Michelle smith has bought 30 shares of James company stock at $34 per share.

Number of shares = 30 Shares

Annual dividend paid per share = $0.42 per share.

Total Annual dividend = 30 * $0.42

Total Annual Dividend = $12.60

Therefore the company pays $12.60 as the total annual dividend to Michelle Smith who has 30 shares of the company.