Darryl’s portfolio includes 66 shares of Essentia Inc., 95 shares of SFT Legal, and 180 shares of Grath Oil. If Essentia Inc. pays a yearly dividend of $1.79 per share, SFT Legal pays $2.62 per share, and Grath Oil pays $1.18 per share, how much does Darryl receive in dividends every year?

Darryl receives $579.44 in dividends yearly

Step-by-step explanation:

In this question, we are tasked with calculating the amount of money Darryl receive as dividends yearly.

To calculate this, we take the multiply the number of shares per section of her portfolio by their individual amount of dividends paid per year.

Mathematically, the amount of dividends received per year is;

(number of shares in Essentia Inc × yearly dividend paid per year in Essentia Inc) + (number of shares in SFT legal× yearly dividend paid per year in SFT legal) + (number of shares in Grath oil legal× yearly dividend paid per year in Grath oil)

We input the values and solve as follows;

(66 × $1.79) + (95 × $2.62) + (180 × $1.18) = $118.14 + $248.9 + $212.4 = $579.44

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step-by-step explanation:

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