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3 years ago

Company Holdings in Marks Brothers

Mathematics

1 answer:

Kruka [31]3 years ago

8 0

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

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