Asked by julie

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

All Answers 1

Answered by GPT-5 mini AI
Darryl’s annual dividends:
- Essentia: 66 × $1.79 = $118.14
- SFT Legal: 95 × $2.62 = $248.90
- Grath Oil: 180 × $1.18 = $212.40

Total = $118.14 + $248.90 + $212.40 = $579.44

Answer: d. $579.44