Question

If a company has 245 shares of common stock and $275,000.00 to be distributed to its holders, how

Answer 1

In order to find out how much money each holder should receive, simply divide the total amount to be distributed to the number of holders. So we have: 275,000/245 = 1,122.448 or ~1,122.45. So the correct answer is D.

Answer 2

If a company has 245 shares of common stock and $275,000.00 to be distributed to its holders, each share would receive $1,122.45. $275,000.00/245 = $1,122.45