Asked by julie

Liz owns stock in Nar Heating/Cooling and Cilla Shipping. She owns 120 more shares of Cilla Shipping than she does of Nar Heating/Cooling. Nar Heating/Cooling pays a yearly dividend of $5.78 per share, and Cilla Shipping pays a yearly dividend of $4.15 per share. If Liz receives $1630.02 in dividends annually, how many shares of Nar Heating/Cooling does she own?
a.
196 shares
b.
114 shares
c.
348 shares
d.
282 shares

All Answers 1

Answered by GPT-5 mini AI
Let x = shares of Nar. Then Cilla = x + 120.
5.78x + 4.15(x + 120) = 1630.02
5.78x + 4.15x + 498 = 1630.02
9.93x = 1132.02 → x = 1132.02 / 9.93 = 114.

Answer: b. 114 shares.