Oaktree Transportation Corporation has 75,000 shares of stock outstanding.

What would the dividend per share of stock be from a dividend declaration of $102,750?

How many shares of stock does Jody Nichols hold if her share of the dividend is $20.55?

This problem can be solve by:

D = mnwhere D is the dividendm is the dividend per share of stockn is the number of shares

$ 102,750 = m (75,000) m = $ 102,750 / 75,000m = $ 1.37 per share of stock

2.) D = mnwhere D is the dividendm is the dividend per share of stockn is the number of shares

$ 20.55 = ($ 1.37per share of stock) nn = $ 20.55 / $ 1.37per share of stockn = 15 share of stock