Question

Oaktree Transportation Corporation has 75,000 shares of stock outstanding.

What would the dividend per share of stock be from a dividend declaration of $102,750?
How many shares of stock does Jody Nichols hold if her share of the dividend is $20.55?

Answer 1

Is that other guy's M and N keys broken or smth?

Answer 2

this problem can be solve by:
D = mnwhere D is the dividendm is the dividend per share of stockn is the number of shares
$ 102,750 = m(75,000)m = $ 102,750 / 75,000m = $ 1.37 per share of stock
2.) D = mnwhere D is the dividendm is the dividend per share of stockn is the number of shares
$ 20.55 = ($ 1.37per share of stock) nn = $ 20.55 / $ 1.37per share of stockn = 15 share of stock