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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

Verified Answer :

MissPhiladelphia

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

202000012

The answer is c.  $615.88

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