Prince Waste Collection pays a yearly dividend of $14.94 per share of stock. If Prince Waste Collection pays Kathy $46,926.54 in dividends every year, how many shares does Kathy own?
Answer
A
2,978
B
3,141
C
3,443
D
2,934
Explanation
Divide Kathy’s total yearly dividends by the dividend per share: $46,926.54 ÷ $14.94 = 3,141. Kathy owns 3,141 shares, which is choice B.
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