Answer:
A. 81 shares
Explanation:
From the question:
• The number of shares owned by the man = 75
,• Per share value = $50
,• Dividend, payable in stock = 8%
Since the dividend is payable in stocks, the number of shares the man then owns will be:
[tex]\begin{gathered} \text{Number of shares owned+Percentage}\times Number\text{ of shares owned} \\ 75+(8\%\times75) \\ =75+(0.08\times75) \\ =75+6 \\ =81\text{ shares} \end{gathered}[/tex]The correct choice is A.
