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?

First find how many shares Eli owns: $14,833.50 ÷ $159.50 per share = 93 shares. Each share pays $9.03 in annual dividends, so Eli receives 93 × $9.03 = $839.79 per year. The correct choice is $839.79.

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