Based on the dividends paid on a semi-annual basis, the annual dividend for each of Susan's shares are $2.24.
What is the annual dividend?
First find the quarterly dividend per share:
= Dividend / Number of shares
= 1,400 / 2,500
= $0.56
The annual dividend will be:
= Quarterly dividend x Number of quarters in year
= 0.56 x 4
= $2.24
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