Carmen buys 153 shares of Cawh Consolidated Banks, each of which pays a constant yearly dividend of $7.14. After six years, how much has Carmen received in dividends?
Answer
A
$5,783.40
B
$1,820.70
C
$1,092.42
D
$6,554.52
Explanation
Each year, Carmen receives 153 × $7.14 = $1,092.42 in dividends. Over six years, she receives 6 × $1,092.42 = $6,554.52. The correct choice is $6,554.52.
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