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Select the best answer for the question. 6. If a company has 150 shares of common stock and 15,000.00 to be distributed to its holders, how much would each share receive? A. 50 B. 150 C. 100 D. 125

Question

Select the best answer for the question.
6. If a company has 150 shares of common stock and
 15,000.00
to be distributed to its
holders, how much would each share receive?
A. 50
B. 150
C. 100
D. 125

Select the best answer for the question. 6. If a company has 150 shares of common stock and 15,000.00 to be distributed to its holders, how much would each share receive? A. 50 B. 150 C. 100 D. 125

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Answer

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ZeldaMaster · Tutor for 5 years

Answer

C.

Explain

The company has a total of $15,000.00 to distribute to its shareholders and each share is equally valuable. To find out how much each shareholder will receive, we need to divide the total amount by the number of shares. So,$15,000.00 divided by 150 shares equals $100. Therefore, option C is the correct answer.
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