Answers26-27 Ignite Financial Literacy Personal Finance - EL3403Investing in StocksQuestion 10
10
InstructionMultiple Choice

Investing in Stocks

Question 10 • 26-27 Ignite Financial Literacy Personal Finance - EL3403

June’s portfolio includes 177 shares of Parchar Special Effects, 213 shares of Giaco Household Goods, and 152 shares of Raxin Accounting. If Parchar Special Effects pays a yearly dividend of $8.21 per share, Giaco Household Goods pays $6.97 per share, and Raxin Accounting pays $11.44 per share, how much does June earn in dividends per year?

Answer
A
$4,449.82
B
$4,676.66
C
$3,777.74
D
$6,200.48

Explanation

Multiply each share count by its yearly dividend: 177 × $8.21 = $1,453.17, 213 × $6.97 = $1,484.61, and 152 × $11.44 = $1,738.88. Add the three amounts: $1,453.17 + $1,484.61 + $1,738.88 = $4,676.66. June earns $4,676.66 per year, which is choice B.

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