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olga2289 [7]
3 years ago
15

Xyx Motors pays Nick $1,567.46 in dividends every year. If the dividend on one share of Xyx Motors is $4.33, how many shares doe

s Nick own? a. 383 b. 457 c. 362 d. 276
The answer is C
Business
2 answers:
Lerok [7]3 years ago
8 0

Answer:

362

Explanation:

neonofarm [45]3 years ago
3 0

Answer

The correct answer is C. 362

Explanation

The formular for calculating the number of shares will follow the below step

Number of Xyz share for Nick=Total dividend paid per year/the dividend on a single share

Total divident paid=$1567.46

Divived on a single share=$4.33

Total number of shares=$1567.46/$4.33=362 shares

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