Question

Darryl’s portfolio includes 66 shares of Essentia Inc., 95 shares of SFT Legal, and 180 shares of Grath Oil. If Essentia Inc. pays a yearly dividend of $1.79 per share, SFT Legal pays $2.62 per share, and Grath Oil pays $1.18 per share, how much does Darryl receive in dividends every year? a. $610.39 b. $893.42 c. $402.38 d. $579.44 Please select the best answer from the choices provided A B C D

Answer 1

Answer: d. $579.44

Explanation:

Dividends from Essentia Inc.

= 66*$1.79

= $118.14

Dividends from SFT Legal

= 95*$2.62

=$248.90

Dividends from Grath Oil

=180*$1.18

=$212.4

Total Dividends

=$118.14 + $248.90 + $212.4

=$579.44

Darryl's total Dividends each year amounts to $579.44