A certain stock pays dividends of \( \$ 0.29 \). How much would you receive if you owned 60 shares? Round your answer to the nearest cent, if necessary. Answer

If you own 60 shares and each share pays a dividend of \( \$0.29 \), you would calculate your total dividends by multiplying the number of shares by the dividend per share: \[ 60 \text{ shares} \times \$0.29 = \$17.40 \] So, if you owned 60 shares, you would receive \( \$17.40 \) in dividends.