devontethompson devontethompson
  • 07-05-2018
  • Mathematics
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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 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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