General MathematicsProblem:Mr. Tan purchased 1,000 shares of stocks at ₱30 par value. How much is his dividend if the percentage declared by the company is 1.5%?

Question

asked Sep 1, 2023 96.8k views

1 Answer

Evon · Answer 1 · 2023-09-06T01:09:41+0000

Given that the total number of shares is 1000 at P30 per value. The total amount of all the shares is

$A_{\text{share}}=1000* P30=P30,000$

If the company declared 1.5% percentage, the dividend would be

$\begin{gathered} 1.5\text{ \%of P30,000} \\ =(1.5)/(100)* P30,000 \\ =(P45,000)/(100) \\ =P450 \end{gathered}$

Hence, the value of the dividend is P450