Thinking Mathematically (6th Edition)

Published by Pearson
ISBN 10: 0321867327
ISBN 13: 978-0-32186-732-2

Chapter 8 - Personal Finance - Chapter Summary, Review, and Test - Review Exercises - Page 571: 50

Answer

$144

Work Step by Step

Find out the dividend paid per share last year by simply looking at the Div section in the stock table. The dividend-price is mentioned in terms of dollars and given as 0.16. It implies that dividend paid by the company is $0.16 per share to the stockholders last year. If a person is having 900 shares, compute the dividend amount as mentioned below: \[\begin{align} & \text{Dividend Amount}=\text{Dividend per shares}\times \text{Number of shares} \\ & =0.16\times 900 \\ & =\$144\end{align}\] Hence, the amount of dividend is\[\$144\]
Update this answer!

You can help us out by revising, improving and updating this answer.

Update this answer

After you claim an answer you’ll have 24 hours to send in a draft. An editor will review the submission and either publish your submission or provide feedback.