4. You own 100 shares in each of three companies. Each company pays a dividend. Gillette pays $1.15 per share in dividends. General Electric pays $.79 per share in dividends. Hershey Foods pays $ .84 per share in dividends. How much do you collect in dividends from all three companies? Explain how you got your answer.

EBK CONTEMPORARY FINANCIAL MANAGEMENT
14th Edition
ISBN:9781337514835
Author:MOYER
Publisher:MOYER
Chapter15: Dividend Policy
Section: Chapter Questions
Problem 5P
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4. You own 100 shares in each of three companies.
Each company pays a dividend.
Gillette pays $1.15 per share in dividends. General
Electric pays $.79 per share in
dividends. Hershey Foods pays $ .84 per share in
dividends. How much do you
collect in dividends from all three companies? Explain
how you got your answer.
Transcribed Image Text:4. You own 100 shares in each of three companies. Each company pays a dividend. Gillette pays $1.15 per share in dividends. General Electric pays $.79 per share in dividends. Hershey Foods pays $ .84 per share in dividends. How much do you collect in dividends from all three companies? Explain how you got your answer.
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