Answer:
1368 dollars.
Step-by-step explanation:
given that Jack s purchasing a stock that pays an annual dividend of $3.42 per share
No of shares Jack purchased = 400
Price per share = 53.18$
Amount invested by Jack in shares = [tex]400*53.18 =21272[/tex] dollars
Annual dividend = 3.42 per share
Total dividend = [tex]400*3.42 = 1368[/tex]
Annual income from dividends = 1368 $
