Answers26-27 Ignite Financial Literacy Personal Finance - EL3403Investing in StocksQuestion 2
2
QuizMultiple Choice

Investing in Stocks

Question 2 • 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.

AI-written and checked against the verified answer.

Previous
Next

More from this Course

Quiz
20 verified answers

Annuities

Quiz
20 verified answers

Buying and Selling Stock

Quiz
18 verified answers

Warranties