Question

say you own 5,715 shares of sanden research labs, each of which pays a yearly dividend of $14.66. how much do you receive in dividends every year?
a. $83,781.90
b. $81,729.50
c. $75,865.50
d. $93,954.60

Explanation:

Step1: Identify the formula

To find the total annual dividend, we use the formula: Total Dividend = Number of Shares × Dividend per Share.

Step2: Plug in the values

Number of shares = 5715, Dividend per share = $14.66. So, Total Dividend = \( 5715 \times 14.66 \).

Step3: Calculate the product

\( 5715 \times 14.66 = 5715 \times (14 + 0.66) = 5715 \times 14 + 5715 \times 0.66 \)
\( 5715 \times 14 = 80010 \)
\( 5715 \times 0.66 = 5715 \times \frac{66}{100} = \frac{5715 \times 66}{100} = \frac{377190}{100} = 3771.9 \)
Adding them together: \( 80010 + 3771.9 = 83781.9 \)

Answer:

a. $83,781.90