Answer: $132.40
Step-by-step explanation:
John -
Number of Shares = 120
Dividend per Share = $1.50
Annual Dividends for John = 120 * $1.50 = $180
Eddie -
Number of Shares = 110
Dividend per Share = $2.84
Annual Dividends for Eddie = 110 * $2.84 = $312.40
Now, to find the difference in their annual dividends, we subtract the annual dividends of John from the annual dividends of Eddie:
$312.40 - $180 = $132.40
