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

81 shares

Explanation:

Data provided in the question

Number of shares owned = 75 shares of stock

Per share value = $50

Dividend declared = 8%

Based on the above information. the number of shares owned is

`= Number\ of \ shares\ owned * dividend\ declared\ percentage + Number\ of \ shares\ owned`
`= 75\shares * 8\% + 75\shares`

= 81 shares

We simply added the number of shares owned and the number of shares owned after considered the dividend declared percentage so that the correct shares owned could arrive