Geoffrey’s portfolio includes 4,462 shares of United Rotators, which earns him $43,772.22 annually. What is the yearly dividend on each share of United Rotators?
Answer
A
$9.61
B
$8.95
C
$10.19
D
$9.81
Explanation
Divide the total annual earnings by the number of shares: $43,772.22 ÷ 4,462 = $9.81 per share. Therefore, the yearly dividend is $9.81, choice D.
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