Mrs. Payne is new in the business industry. She bought 600 shares in Corporation AXY. The corporation told her the following information: the corporation will give dividend of P26 per share for its common stock, declared a 2.3% dividend on a stock and a par value of P450. Also, the corporation will pay the shareholders 0.27 stock yield ratio. Mrs. Payne forgot to ask how much is the corporation’s market value and how much dividend will she receive.
Mrs. Payne is new in the business industry. She bought 600 shares in Corporation AXY. The corporation told her the following information: the corporation will give dividend of P26 per share for its common stock, declared a 2.3% dividend on a stock and a par value of P450. Also, the corporation will pay the shareholders 0.27 stock yield ratio. Mrs. Payne forgot to ask how much is the corporation’s market value and how much dividend will she receive.
Chapter14: Property Transactions: Determination Of Gain Or Loss And Basis Considerations
Section: Chapter Questions
Problem 41P
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Mrs. Payne is new in the business industry. She bought 600 shares in Corporation AXY. The corporation told her the following information: the corporation will give dividend of P26 per share for its common stock, declared a 2.3% dividend on a stock and a par value of P450. Also, the corporation will pay the shareholders 0.27 stock yield ratio. Mrs. Payne forgot to ask how much is the corporation’s market value and how much dividend will she receive. Help Mrs. Payne to calculate.
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