Question
Mike owned $3,000$ shares of Merck Corporation and received a quarterly dividend check for $\$ 1,140 .$ What was the annual dividend for one share of Merck?
Step 1
Since the quarterly dividend is $1140 and there are 4 quarters in a year, we multiply $1140 by 4. \[1140 \times 4 = 4560\] Show more…
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