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?
a. $610.39
b. $893.42
c. $402.38
d. $579.44

The correct option is d. $579.44

Explanation:

For computing the total dividend which is to be received every year, we have to calculate the sum of different portfolios. The calculation is shown below:

= Essentia Inc shares × dividend per share + SFT Legal shares × dividend per share + Grath Oil shares ×  dividend per share

= 66 × $1.79 + 95 × $2.62 + 180 × $1.18

= $118.14 + $248.9 + $212.4

= $579.44

Hence, the $579.44 should Darryl receive in dividends every year.

Thus, the correct option is d. $579.44

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