Solve.
-Last year, Kiara bought a share of stock for $23.40. She was paid a dividend of $7.02. Determine what percent of the stock price is the dividend.

Question

Quizplus · Accepted Answer

To find the percentage of the stock price that the dividend represents, we can use the formula:

(dividend / stock price) x 100%

Plugging in the given values:

(7.02 / 23.40) x 100% = 0.3 x 100% = 30%

So the dividend represents 30% of the stock price. Therefore, the answer is B.

Solve. -Last Year, Kiara Bought a Share of Stock for $23.40