devontethompson devontethompson

07-05-2018
Mathematics

contestada

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

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CastleRook CastleRook

16-05-2018

Total number of shares owned is 75 shares
value of each share=$50
value of 50 shares will be:
75*50=$3750
the dividend earned
8/100×3750
=$300

Answer: $300

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