Three owners split $12 million equally. What was the per-share payout.
A. 9
B. 4
C. 36
D. 1 / 4
E. None of the answers is correct.
huh? 12/3 = ?
To find the per-share payout, we need to divide the total amount ($12 million) by the number of owners (3).
The formula to calculate the per-share payout is:
Per-Share Payout = Total Amount / Number of Owners
So, let's calculate it:
Per-Share Payout = $12,000,000 / 3 = $4,000,000
Therefore, the correct answer is B. 4.