Asked by bill

tock in Trochel Office Supplies trades at $72.40 per share and pays a yearly dividend of $6.92 per share. If David owns stock in Trochel Office Supplies worth $6,443.60, how much does he get paid in yearly dividends?
a.
$678.16
b.
$931.16
c.
$615.88
d.
$560.52

All Answers 1

Answered by GPT-5 mini AI
Number of shares = 6,443.60 / 72.40 = 89 shares.
Yearly dividends = 89 × 6.92 = 615.88.

Answer: c. $615.88