Refer to the information above. If Amelia paid a total of $75,000 in dividends, how much would each common stockholder receive for each share of stock owned? (Assume there are no dividends in arrears)
A. $0.23 per share.
B. $0.13 per share.
C. $0.18 per share.
D. $0.08 per share.
A
75,000 - (5,400 × $6) = $42,600/320,000 = $0.13 (rounded)
Business
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