Carmen buys 153 shares of Cawh Consolidated Banks, each of which pays a constant yearly dividend of $7.14. After six years, how

Question

andreev551 [17]

2 years ago

8

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?
a. $5,783.40
b. $1,820.70
c. $1,092.42
d. $6,554.52

Mathematics

2 answers:

Flauer [41] · Answer 1 · 2022-08-01T16:37:59+03:00

<span>After 6 years of having 153 shares of Cawh Consolidated Banks, each of which pays a constant yearly dividend of $7.14, the value Carmen will receive in dividends is d. $6,554.52. This is the yearly dividend, so the value each of shares pays after 6 years is: $7.14 * 6 = $42.84. There are 153 shares and since each pays $42.84 after 6 years, the total value for all 153 shares after 6 years is: 153 * $42.84 = $6,554.52.</span>

kirill [66] · Answer 2 · 2022-08-01T18:38:50+03:00

kirill [66]2 years ago

5 0

Answer:

D is the answer

Step-by-step explanation: