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26 June, 02:48

If a company has 245 shares of common stock and $275,000.00 to be distributed to its holders, how

much would each share receive?

A. $11,245.80

B. $1,233.00

C. $112.45

D. $1,122.45

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Answers (1)
  1. 26 June, 02:51
    0
    In order to find out how much money each holder should receive, simply divide the total amount to be distributed to the number of holders. So we have: 275,000/245 = 1,122.448 or ~1,122.45. So the correct answer is D.
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