Bryant Peters bought 75 shares of Elkston stock for $24.13 per share. The company paid annual dividends of $0.29 per share. What is the total annual dividend? Show work.

A) 32.10

B) 21.99

C) 21.75

D) 22.00

The right option is C) 21.75

Step-by-step explanation:

we have given,

Number of shares = 75

Cost of each share = $24.13

Total cost of shares = 75*24.13 = $1809.75

since the company paid annual dividends of $0.29 per share.

Total annual dividends company paid = 75*0.29 = $21.75

Hence the right option is C) 21.75