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Pavel [41]
2 years ago
11

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?
Mathematics
2 answers:
STatiana [176]2 years ago
7 0

Answer: $6554.52


Step-by-step 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\times7.14=\$1092.42

After 6 years, total dividend received by Carmen=6\times1092.42=\$6,554.52

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


san4es73 [151]2 years ago
6 0
153 x 7.14 = 1092.42
so every year she gets $1092.42
so times that by 6 and the answer is $6554.52
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