If Mr. Clark owns 150 shares and receives $180 per year in dividends, how much would Mrs. Grey receive for an annual dividend if she owns 400 shares in the same company?

Master the NLN PAX Mathematics 1 Exam with our comprehensive study guide and quizzes. Test your knowledge with multiple choice questions tailored for the PAX Math exam, featuring detailed explanations and tips to enhance your preparation and increase your chances of success.

Multiple Choice

If Mr. Clark owns 150 shares and receives $180 per year in dividends, how much would Mrs. Grey receive for an annual dividend if she owns 400 shares in the same company?

Explanation:
Dividends are paid per share, so the total depends on how many shares you own. First find the dividend per share: $180 divided by 150 shares equals $1.20 per share per year. If she owns 400 shares, multiply the per-share amount by 400: 400 × $1.20 = $480 per year. So the annual dividend would be $480.

Dividends are paid per share, so the total depends on how many shares you own. First find the dividend per share: $180 divided by 150 shares equals $1.20 per share per year. If she owns 400 shares, multiply the per-share amount by 400: 400 × $1.20 = $480 per year. So the annual dividend would be $480.

More Multiple Choice Questions
Subscribe

Get the latest from Passetra

You can unsubscribe at any time. Read our privacy policy