Answer:
Amount of dividend that PRH will receive is $833,625.
Step-by-step explanation:
The following are given in the question:
Total number of shares of Marks Brothers = 78,000
Percentage of shares of Marks Brothers held by PRH = 19%
Dividend per share = $56.25
Therefore, we can now proceed as follows:
Number of shares of Marks Brothers held by PRH = Total number of shares of Marks Brothers * Percentage of shares of Marks Brothers held by PRH = 78,000 * 19% = 14,820
Amount of dividend that PRH will receive = Number of shares of Marks Brothers held by PRH * Dividend per share = 14,820 * $56.25 = $833,625
