Question

Helen owns 10.0% of the stock of the Median Corporation. If Median makes a dividend payment of $29 million paid proportionally to its shareholders, how much of this amount would Helen receive, disregarding tax

Answer 1

$2,900,000

Step-by-step explanation:

Calculation for how much of this amount would Helen receive, disregarding tax

Using this formula

Amount to receive=Stock percentage*Dividend

Let plug in the formula

Amount to receive=0.10 × $29,000,000

Amount to receive=$2,900,000

Therefore how much of this amount would Helen receive, disregarding tax is $2,900,000