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12 August, 00:40

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

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  1. 12 August, 00:50
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    Total number of shares owned is 75 shares

    value of each share=$50

    value of 50 shares will be:

    75*50=$3750

    the dividend earned

    8/100*3750

    =$300

    Answer: $300
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