21
QuizMultiple Choice

Topic Test

Question 21 • 26-27 Ignite Financial Literacy Personal Finance - EL3403

Drius Security stock has a yearly dividend of $12.11. If you own 132 shares of Drius Security, how much do you get paid in quarterly dividends?

Answer
A
$133.21
B
$1,598.52
C
$366.96
D
$399.63

Explanation

Divide the yearly dividend of $12.11 per share by 4 to get a quarterly dividend of $3.0275 per share. For 132 shares, $3.0275 × 132 = $399.63, so the quarterly payment is $399.63.

AI-written and checked against the verified answer.

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