Question

Carmen buys 153 shares of Cawh Consolidated Banks, each of which pays a constant yearly dividend of $7. 14. After six years, how much has Carmen received in dividends? a. $5,783. 40 b. $1,820. 70 c. $1,092. 42 d. $6,554. 52 Please select the best answer from the choices provided A B C D.

Answer 1

d. $6,554.52

Explanation:

1) 153 shares x $7.14 = $1092.42

2) $1092.42 x 6 = $6,554.52