Question

1. keyona buys 6,745 shares of an income stock from a tech company and 2,020 shares of an income stock from a restaurant. if the tech company pays a dividend of $0.95 per share and the restaurant pays $0.12 per share, what are keyonas total combined dividends from both companies?

$2,728.40
$3,095.10
$6,650.15
$5,418.80

Explanation:

Step1: Calculate dividend from tech company

Dividend from tech company = Number of shares × Dividend per share = \( 6745 \times 0.95 \)
\( 6745 \times 0.95 = 6407.75 \)

Step2: Calculate dividend from restaurant

Dividend from restaurant = Number of shares × Dividend per share = \( 2020 \times 0.12 \)
\( 2020 \times 0.12 = 242.4 \)

Step3: Calculate total combined dividend

Total dividend = Dividend from tech company + Dividend from restaurant = \( 6407.75 + 242.4 \)
\( 6407.75 + 242.4 = 6650.15 \)

Answer:

\$6,650.15