Question

June’s portfolio includes 177 shares of Parchar Special Effects, 213 shares of Giaco Household Goods, and 152 shares of Raxin Accounting. If Parchar Special Effects pays a yearly dividend of $8.21 per share, Giaco Household Goods pays $6.97 per share, and Raxin Accounting pays $11.44 per share, how much does June earn in dividends per year?
a.
$4,449.82
b.
$4,676.66
c.
$3,777.74
d.
$6,200.48

Answer 1

Compute each stock's dividend and add:

- Parchar: 177 × $8.21 = $1,453.17
- Giaco: 213 × $6.97 = $1,484.61
- Raxin: 152 × $11.44 = $1,738.88

Total = $1,453.17 + $1,484.61 + $1,738.88 = $4,676.66

Answer: b.