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Solve the following dividend problem Oaktree Transportation Corporation has 75,000 shares of stock outstanding. What would the dividend per share of stock be from a dividend declaration of $102,750? How many shares of stock does Jody Nichols hold if her share of the dividend is $20.55?

Respuesta :

DeanR

[tex] \dfrac{102750 \textrm{ dollars}}{75000 \textrm{ shares}} = 1.37 \textrm{ dollars per share}}[/tex]

Answer: Dividend $1.37 per share

[tex]\dfrac{20.55 \textrm{ dollars}}{ 1.37 \textrm{ dollars per share}} = 15 \textrm{ shares}[/tex]

Answer: Jody has 15 shares


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