Solve the following dividend problem
1 answer:
Answer:
Dividend per share of stock
$0.6667
Your share of the declared dividend if you owned 100 shares
$66.67
Step-by-step explanation:
To determine the dividend per share of stock we simply divide the declared dividend by the number of shares of stock outstanding;
This implies that for every share of stock an individual is entitled to a dividend of $0.6667. Consequently, for 100 shares the dividend will be equal to;
You might be interested in
Point slope form follows the equation y-y₁=m(x-x₁), so we want it to look like that. Starting off with m, or the slope, we can find this using your two points with the formula 
. Note that y₁ and x₁ are from the same point, but it does not matter which point you designate to be point 1 and point 2. Thus, we can plug our numbers in - the x value comes first in the equation, and the y value comes second, so we have
as our slope. Keeping in mind that it does not matter which point is point 1 and which point is point 2, we go back to y-y₁=m(x-x₁) and plug a point in (I'll be using (10,5)). Note that x₁, m, and y₁ need to be plugged in, but x and y stay that way so that you can plug x or y values into the formula to find where exactly it is on the line. Thus, we have our point slope equation to be 
Feel free to ask further questions!
Feel free to ask further questions!