What is the value of y?
1 answer:
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- <u>How to calculate percentage of a number. Use the percentage formula: P% * X = Y</u>
- <u>Convert the problem to an equation using the percentage formula: P% * X = Y.</u>
- <u>P is 10%, X is 150, so the equation is 10% * 150 = Y.</u>
- <u>Convert 10% to a decimal by removing the percent sign and dividing by 100: 10/100 = 0.10.</u>
- <u>Multiply by 100 and add a percentage </u><u>sign</u>
- <u>0.876 = 0.876 * 100 = 87.6%</u>
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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