SOLUTION: A stock investment of 500 shares pays a dividend of $625. At this rate, how many additional shares are required to earn a dividend of $1200/

Question 1113394: A stock investment of 500 shares pays a dividend of $625. At this rate, how many additional shares are required to earn a dividend of $1200/
Answer by ankor@dixie-net.com(22740) (Show Source): You can put this solution on YOUR website!
A stock investment of 500 shares pays a dividend of $625.
At this rate, how many additional shares are required to earn a dividend of $1200.
:
Find the dividend amt per share
= $1.25 per share
:
let s = no. of shares to have $1200
1.25s = 1200
s = 1200/1.25
s = 960 shares
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