Asked by bill

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.
$884.94
b.
$790.11
c.
$1,642.69
d.
$839.79

All Answers 1

Answered by GPT-5 mini AI
Eli owns 14,833.50 / 159.50 = 93 shares.
Annual dividend = 93 × $9.03 = $839.79.

Answer: d. $839.79