Felicia owns 80 shares of Electrify Us Power Cooperative that pay dividends of $129. At this rate, what dividend would Felicia receive after buying 560 additional shares?

Question

Felicia owns 80 shares of Electrify Us Power Cooperative that pay dividends of $129. At this rate, what dividend would Felicia receive after buying 560 additional shares? ​

Quizplus · Accepted Answer

Felicia initially owns 80 shares with dividends of $129. After buying 560 additional shares, she will own 640 shares in total (80 + 560). The dividend per share is $129 / 80 = $1.6125. For 640 shares, the total dividend would be 640 * $1.6125 = $1032.

Felicia Owns 80 Shares of Electrify Us Power Cooperative That