Jamie and Peter Dawson own 220 shares of Duke Energy common stock. Duke Energy’s quarterly dividend is $0.86 per share. What is the amount of the dividend check the Dawson couple will receive for this quarter? (Round your answer to 2 decimal places.)

$189.20

Explanation:

Quarterly amount of dividend check = quarterly dividend per share x number of shares.

Quarterly dividend = $0.86

number of shares = 220

Check amount = 220 x $0.86

                        = $189.20.

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