Question

Prince waste collection pays a yearly dividend of $14.94 per share of stock. if prince waste collection pays kathy $46,926.54 in dividends every year, how many shares does kathy own?

a. 2,978
b. 3,141
c. 3,443
d. 2,934

Answer 1

The answer is “B”
•3141
•Kathy owns 3141 shares

Answer 2

This can be solve by just dividing the total money that prince paid to kathy by the yearly dividend per share of stock. Since prince waste collection pays kathy $46,926.54 in dividends every year and divide it by $14.94. so kathy owns 3141 share of stocks