Answer:
81 shares
Step-by-step explanation:
Data provided in the question
Number of shares owned = 75 shares of stock
Per share value = $50
Dividend declared = 8%
Based on the above information. the number of shares owned is
[tex]= Number\ of \ shares\ owned \times dividend\ declared\ percentage + Number\ of \ shares\ owned[/tex][tex]= 75\shares \times 8\% + 75\shares[/tex]
= 81 shares
We simply added the number of shares owned and the number of shares owned after considered the dividend declared percentage so that the correct shares owned could arrive
