Question

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 in 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

Answer 1

The answer is c. $615.88

Answer 2

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