math

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?

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  1. 75 shares x $50 = $3750
    8% payable stock => it means 8% of the total value of 75 shares => 3750x8% =300
    but with $300, the man can buy 4 shares more so the total shares he own then are 79.

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  2. Thank you So much. The answers given are

    A - 81 shares
    B - 90 shares
    C - 91 shares
    D - 95 shares

    should i round it off to 81? thanks for help on this.

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  3. So if the remainder of 4 able to be bought should there be 79 or 81 as that is the closest to the amount that was asked?

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  4. bruhh 50x4=200. it would be 6 more shares

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