In \(1979\) Mr. Jackson bought a total of \(n\) shares of stock \(X\) and Mrs. Jackson bought a total of \(300\) shares

This topic has expert replies
Legendary Member
Posts: 2276
Joined: Sat Oct 14, 2017 6:10 am
Followed by:3 members

Timer

00:00

Your Answer

A

B

C

D

E

Global Stats

In \(1979\) Mr. Jackson bought a total of \(n\) shares of stock \(X\) and Mrs. Jackson bought a total of \(300\) shares of stock \(X.\) If the couple held all of the respective shares throughout \(1980,\) and Mr. Jackson's \(1980\) dividends on his \(n\) shares totaled \(\$150,\) what was the total amount of Mrs. Jackson's \(1980\) dividends on her \(300\) shares?

(1) In \(1980\) the annual dividend on each share of stock \(X\) was \(\$0.75.\)
(2) In \(1979\) Mr. Jackson bought a total of \(200\) shares of stock \(X.\)

Answer: D

Source: Official Guide