Mathematics, 03.12.2020 01:00 luckylady

Mutual Fund X owns 0.5% of the total stock of Company Y. In one particular year, Company Y announces annual profits of $12,000,000, and decides to pay dividends to its shareholders at a rate of 15% of its annual profits. How much will Mutual Fund X receive in the form of dividends from Company Y? Give your answer in dollars.

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Mutual Fund X owns 0.5% of the total stock of Company Y. In one particular year, Company Y announces...