Manuel's portfolio includes 66 shares of Dell, 95 shares of Coca Cola, and 180 shares of Nike. If Dell pays a yearly dividend of

Question

3 years ago

8

Manuel's portfolio includes 66 shares of Dell, 95 shares of Coca Cola, and 180 shares of Nike. If Dell pays a yearly dividend of

$1.79 per share, Coca Cola pays $2.62 per share, and Nike pays $1.18 per share, how much does Manuel receive in dividends every year?

Mathematics

1 answer:

KengaRu [80] · Answer 1 · 2022-01-30T12:19:30+03:00

We are going to take out the dividends step by step:
Dell:
(66) * (1.79) = 118.14 $
Coca Cola:
(95) * (2.62) = 248.9 $
Nike:
(180) * (1.18) = 212.4 $
Adding the three dividends we have:
118.14 + 248.9 + 212.4 = 579.44 $
Answer:
Manuel does receive 579.44 $ in dividends every year