Final answer:
After receiving a 6% stock dividend on his 50 shares worth $30 each, the man will own a total of 53 shares.
Step-by-step explanation:
The question involves a man who owns 50 shares of stock, each worth $30, and the corporation has declared a 6% dividend payable in stock. To calculate the number of new shares the man will receive, multiply the number of shares he owns by the dividend percent in decimal form:
50 shares × 0.06 = 3 shares
Therefore, he will receive 3 additional shares as a dividend. Adding this to his original 50 shares:
50 shares + 3 shares = 53 shares
The answer to the question is that the man will then own 53 shares in total.