a man owned 75 shares of stock worth $50 each the corporation declared a dividend of 8% payable in stock how many shares did he

Question

Monica [59]

2 years ago

15

a man owned 75 shares of stock worth $50 each the corporation declared a dividend of 8% payable in stock how many shares did he

then own

Mathematics

1 answer:

Arturiano [62] · Answer 1 · 2022-07-14T03:21:33+03:00

Arturiano [62]2 years ago

3 0

Total number of shares owned is 75 shares
value of each share=$50
value of 50 shares will be:
75*50=$3750
the dividend earned
8/100×3750
=$300

Answer: $300