AnswersFL-2102371-Personal Finance and Money ManagementCumulative Exam — Cumulative examQuestion 19
19
QuizMultiple Choice

Cumulative Exam — Cumulative exam

Question 19 • FL-2102371-Personal Finance and Money Management

June’s portfolio includes 177 shares of Parchar Special Effects, 213 shares of Giaco Household Goods, and 152 shares of Raxin Accounting. If Parchar Special Effects pays a yearly dividend of $8.21 per share, Giaco Household Goods pays $6.97 per share, and Raxin Accounting pays $11.44 per share, how much does June earn in dividends per year?

Answer
A
$4,449.82
B
$4,676.66
C
$3,777.74
D
$6,200.48

Explanation

Multiply each share count by its yearly dividend: 177 × $8.21 = $1,453.17, 213 × $6.97 = $1,484.61, and 152 × $11.44 = $1,738.88. Add the three amounts: $1,453.17 + $1,484.61 + $1,738.88 = $4,676.66. June earns $4,676.66 per year, which is choice B.

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