Answered: Stockholder M got 4500 shares of stocks…

Stockholder M got 4500 shares of stocks from ABC corporation. The par value is P150. How much is the dividend of the percentage is 3%? a. P18,360.00 b. P20,250.00 c. P21,500.00 d. P24,820.00

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter15: Dividend Policy

Section: Chapter Questions

Problem 1P

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Question

Stockholder M got 4500 shares of stocks from ABC corporation. The par value is
P150. How much is the dividend of the percentage is 3%?
a. P18,360.00
b. P20,250.00
c. P21,500.00
|d. P24,820.00

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