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25 October, 08:37

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

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Answers (1)
  1. 25 October, 11:40
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    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
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