Answers26-27 Ignite Financial Literacy Personal Finance - EL3403Investing in StocksQuestion 19
19
QuizMultiple Choice

Investing in Stocks

Question 19 • 26-27 Ignite Financial Literacy Personal Finance - EL3403

Darryl’s portfolio includes 66 shares of Essentia Inc., 95 shares of SFT Legal, and 180 shares of Grath Oil. If Essentia Inc. pays a yearly dividend of $1.79 per share, SFT Legal pays $2.62 per share, and Grath Oil pays $1.18 per share, how much does Darryl receive in dividends every year?

Answer
A
$610.39
B
$893.42
C
$402.38
D
$579.44

Explanation

Multiply each number of shares by its yearly dividend per share: 66 × $1.79 = $118.14, 95 × $2.62 = $248.90, and 180 × $1.18 = $212.40. Add the dividends: $118.14 + $248.90 + $212.40 = $579.44. Darryl receives $579.44 per year, choice D.

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