Say you own 316 shares of Esti Transport stock, which offers an annual dividend of $8.16 per share. How much will you receive in quarterly dividends?

First find the annual dividend: 316 shares × $8.16 per share = $2,578.56. A quarterly dividend is one-fourth of the annual amount, so $2,578.56 ÷ 4 = $644.64. The correct choice is $644.64.

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