Question

A stock investment of 160 shares

paid a dividend of $680.00. At this
rate, what dividend would be paid
on 370 shares of stock?

Answer 1

$1572.50

Explanation:

Given that 160 shares paid a dividend of $680.00 then 370 shares would have a higher figure.

First, we calculate the equivalent dividend for 1 share.

Since 160 shares give $680

1 share will be $680÷160=$4.25

Knowing the dividend of 1 share as $4.25, then to get dividend for 370 shares, we get their products

Value=370*$4.25=$1572.50

Therefore, an equivalent of $1572.50 would be paid for 370 shares