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?

Question

asked May 19, 2018 163k views

2 Answers

Itay Oded · Answer 1 · 2018-05-25T12:36:57+0000

Answer: $6554.52

Explanation:

Total number of shares bought by Carmen =153

A constant yearly dividend paid by each share=$7.14

Thus, 153 shares pays yearly dividend =
$153*7.14=\$1092.42$

After 6 years, total dividend received by Carmen=
$6*1092.42=\$6,554.52$

Hence, The total dividend received by Carmen in 6 years = $6554.52