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Carmen buys 153 shares of Cawh Consolidated Banks, each of which pays a constant yearly dividend of $7.14. After six years, how much has Carmen received in dividends?
a. $5,783.40
b. $1,820.70
c. $1,092.42
d. $6,554.52

Respuesta :

After 6 years of having 153 shares of Cawh Consolidated Banks, each of which pays a constant yearly dividend of $7.14, the value Carmen will receive in dividends is d. $6,554.52. This is the yearly dividend, so the value each of shares pays after 6 years is: $7.14 * 6 = $42.84. There are 153 shares and since each pays $42.84 after 6 years, the total value for all 153 shares after 6 years is: 153 * $42.84 = $6,554.52.

The total value of the dividends that Carmen receives from Cawh Consolidated Banks is $6,554.52.

What is the total value of the dividends received?

Multiplication is the mathematical operation that is used to determinet he product of one more numbers. The sign used to depict multiplication is x.

Total value of the dividends = dividend per year x number of years x number of shares owned

153 x 6 x $7.14 = $6,554.52

To learn more about multiplication, please check: https://brainly.com/question/3385014

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