Question

Mrs Thomas owns 1,500 shares of a corporation that pays a quarterly dividend of $0.36 a share. How much in dividends did she receive last year?

Answer 1

Answer:

$2160

Step-by-step explanation:

Given : Mrs Thomas owns 1,500 shares of a corporation that pays a quarterly dividend of $0.36 a share.

To Find:  How much in dividends did she receive last year?

Solution :

Since she pays quarterly dividend of $0.36 a share.

So she pays for 1500 shares = 1500*0.36

                                             = $540

Now since he pays a quarterly dividend of  $540 of 1500 share.

So,  she receive dividends last year = 540*4

                                                           = $2160

Hence she receive dividends last year is $2160