A man owned 75 shares of stock worth $50 each. The corporation declared a dividend of 8%, payable stock. how many shares did he then own?

done later this morning

To determine how many shares the man owned after the dividend payout, we need to calculate the dividend received and then use it to purchase additional shares. Here's how you can calculate it step-by-step:

Step 1: Calculate the dividend received:
Since the dividend is declared as 8% of the stock's value, we need to first determine the total dividend amount received by the man.
Dividend = (8/100) * Total value of stocks

Given that the man owned 75 shares, each worth $50, the total value of stocks owned is:
Total value of stocks = Number of shares * Value per share
Total value of stocks = 75 * $50

Therefore, the dividend received is:
Dividend = (8/100) * ($50 * 75)

Step 2: Calculate the number of shares purchased with the dividend:
To find out how many shares the man purchased with the dividend, we divide the dividend received by the stock's value.

Number of shares purchased = Dividend / Value per share

Now, you have all the information needed to solve the problem. Simply substitute the calculated values into the equation to find the final answer.