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kotykmax [81]
3 years ago
5

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:
Leni [432]3 years ago
6 0

Answer:

81 shares

Step-by-step explanation:

Data provided in the question

Number of shares owned = 75 shares of stock

Per share value = $50

Dividend declared = 8%

Based on the above information. the number of shares owned is

= Number\ of \ shares\  owned \times dividend\ declared\ percentage + Number\ of \ shares\  owned= 75\shares \times 8\% + 75\shares

= 81 shares

We simply added the number of shares owned and the number of shares owned after considered the dividend declared percentage so that the correct shares owned could arrive

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