Question

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

Answer 1

After receiving an 8% stock dividend on his initial 75 shares, the man will own a total of 81 shares.

Step-by-step explanation:

The question is asking how many shares the man will own after a corporation where he holds stock declared a dividend payable in stock. The man initially owned 75 shares of stock, each worth $50, and the corporation declared an 8% dividend. To find out how many additional shares he receives as a dividend, we calculate 8% of his 75 shares:

Additional shares = 8% of 75 = 0.08 × 75 = 6 shares.

The man will then own his original 75 shares plus the 6 additional shares, for a total of:

Total shares owned = 75 + 6 = 81 shares.

Answer 2

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