Question

geoffreys portfolio includes 4,462 shares of united rotators, which earns him $43,772.22 annually. what is the yearly dividend on each share of united rotators?
a. $9.61
b. $8.95
c. $10.19
d. $9.81

Explanation:

Step1: Identify the formula

To find the yearly dividend per share, we use the formula: Dividend per share = Total annual earnings / Number of shares.

Step2: Plug in the values

Total annual earnings = $43,772.22, Number of shares = 4,462. So, we calculate $\frac{43772.22}{4462}$.

Step3: Perform the division

Dividing 43772.22 by 4462 gives approximately 9.81.

Answer:

d. $9.81