Xyx Motors pays Nick $1,567.46 in dividends every year. If the dividend on one share of Xyx Motors is $4.33, how many shares does Nick own? a. 383 b. 457 c. 362 d. 276

The answer is C

Answer

The correct answer is C. 362

Explanation

The formular for calculating the number of shares will follow the below step

Number of Xyz share for Nick=Total dividend paid per year/the dividend on a single share

Total divident paid=$1567.46

Divived on a single share=$4.33

Total number of shares=$1567.46/$4.33=362 shares