# 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?

1. 👍 6
2. 👎 1
3. 👁 4,698
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.

1. 👍 2
2. 👎 12
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.

1. 👍 5
2. 👎 1
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?

1. 👍 2
2. 👎 0
4. bruhh 50x4=200. it would be 6 more shares

1. 👍 0
2. 👎 0

## Similar Questions

1. ### MATH

1: A man owns 50 shares of stock worth \$30 each. The corporation declared a dividend of 6% payable in stock. How many shares did he then own?

2. ### Math

Gwen owns 357 shares of common stock in a software company. The software company recently paid a cash dividend of \$3.75 per share. If the current price of the stock is \$14.75, what is the dividend yield of the stock? 25.42% 2.54%

3. ### Math

Wren's investment manager informed her that she has a dividend yield of 6 from her investment with AB PLC. If the shares of the company currently trade for \$20 on the Stock Exchange, what is the total dividend Wren receives if she

4. ### math

Given: 20,000 shares cumulative preferred stock (\$2.25 dividend per share): 40,000 shares common stock. Dividends paid: 2013, \$8,000; 2014, 0; and 2015, \$160,000. How much will the preferred stockholders and the common

1. ### financial accounting

(5) Chapter 13 Problem The Torre Company has the following balances in stockholders equity on December 31st. Common Stock - \$5.00 par, 60,000 issued \$300,000 Additional paid in capital - common 600,000 Preferred stock - \$100 par,

2. ### accounting

The stockholders' equity accounts of Lawrence Company have the following balances on December 31, 2010. Common stock, \$10 par, 274,000 shares issued and outstanding \$2,740,000 Paid-in capital in excess of par 1,200,000 Retained

3. ### Consumer Math- HELP

1. Fred salmon purchased six 1,000 bonds at 92. The bonds pay 6.5% What was the cost of the bonds? What was the total annual interest? What is the yield (to the nearest percent)? 2. John Tucker is interested in purchasing stock.

4. ### Accounting

Gorton Corporation has 30,000 shares of \$10 par value common stock outstanding when it announces a 2-for-1 stock split. Before the split, the stock had a market price of \$120 per share. After the split, how many shares of stock

1. ### Accounting

Effect of Stock Split Gino's Restaurant Corporation wholesales ovens and ranges to restaurants throughout the Midwest. Gino's Restaurant Corporation, which had 100,000 shares of common stock outstanding, declared a 5-for-1 stock

2. ### accounting

PA11-4 Comparing Stock and Cash Dividends [LO2, LO3, LO4] Ritz Company had the following stock outstanding and Retained earnings at December 31, 2010: Common stock (par \$1; outstanding, 500,000 shares) \$ 500,000 Preferred stock,

3. ### accounting

PA11-4 Comparing Stock and Cash Dividends [LO2, LO3, LO4] Ritz Company had the following stock outstanding and Retained earnings at December 31, 2010: Common stock (par \$1; outstanding, 500,000 shares) \$ 500,000 Preferred stock,

4. ### corporate finance

National Health Corporation (NHC) has a cumulative preferred stock issue outstanding, which has a stated annual dividend of \$9 per share. The company has been losing money and has not paid preferred dividends for the last five