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Wittaler [7]
2 years ago
13

Stock in trochel office supplies trades at $72.40 per share and pays a yearly dividend of $6.92 per share. if david owns stock i

n trochel office supplies worth $6,443.60, how much does he get paid in yearly dividends?
a. $678.16
b. $931.16
c. $615.88
d. $560.52
Mathematics
2 answers:
Mars2501 [29]2 years ago
6 0

First calculate how many stocks does david own

Since his worth supplies is $6,443.60 divide it by $72.40 per share

So he owns 89 share. Then mulipy it by the yearly dividend

(89 share) x ($6.92 per share) = $ 615.88

He is paid  $ 615.88 per yearly dividends

Ipatiy [6.2K]2 years ago
6 0

The answer is c.  $615.88

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