SOLUTION: Nat Jones owned 500 shares of stock in a corporation that declared a 10% stock dividend when the market was 38. Find the number of shares of stock he received and the current value

SOLUTION: Nat Jones owned 500 shares of stock in a corporation that declared a 10% stock dividend when the market was 38. Find the number of shares of stock he received and the current value

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Question 448592: Nat Jones owned 500 shares of stock in a corporation that declared a 10% stock dividend when the market was 38. Find the number of shares of stock he received and the current value of his dividend.
Answer by jorel1380(3719) (Show Source): You can put this solution on YOUR website!
500x.1=50
50x38=$1900.00..
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