what is the total annual dividend received from owning 50 shares of stock A, If Company A Issues a $0.10 quarterly dividend to i
1 answer:
The total annual dividend which is received from owning 50 shares of stock A, when Company A Issues a $0.10 quarterly dividend to its shareholders, is $20.
<h3>What is market value?</h3>Market value is the current price of a product, company, or something consorting to the stock of the market.
The total annual dividend received from owning 50 shares of stock A has to be found out when Company A Issues a $0.10 quarterly dividend to its shareholders.
- Quarterly dividend is paid in each three month of the year.
- The dividend is paid 4 times in a year.
For each quarter, the payment of dividend is,
In a year,
Thus, the total annual dividend which is received from owning 50 shares of stock A, when Company A Issues a $0.10 quarterly dividend to its shareholders is $20.
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The shop sold 36 sundaes and 28 banana spilts
<em><u>Solution:</u></em>
Let "a" be the number of sundaes sold
Let "b" be the number of banana spilts sold
Cost of 1 sundaes = $ 2
Cost of 1 banana spilt = $ 3
<em><u>On a hot summer day, the shop sold 8 more sundaes than banana splits and made $156</u></em>
Therefore,
Number of sundaes sold = 8 + number of banana spilts sold
a = 8 + b ------- eqn 1
<em><u>Also, given that they made $ 156</u></em>
<em><u>Therefore, we frame a equation as</u></em>:
Number of sundaes sold x Cost of 1 sundaes + number of banana spilts sold x Cost of 1 banana spilt = 156
2a + 3b = 156 ---------- eqn 2
<em><u>Substitute eqn 1 into eqn 2</u></em>
2(8 + b) + 3b = 156
16 + 2b + 3b = 156
16 + 5b = 156
5b = 156 - 16
5b = 140
<h3>b = 28</h3><em><u>Substitute b = 28 in eqn 1</u></em>
a = 8 + 28
<h3>a = 36</h3>Thus the shop sold 36 sundaes and 28 banana spilts