Question

Company Holdings in Marks Brothers
Total number of shares: 78,000
USS Oil 8%
Harp Pensions 12%
Marks Family Trust 32%
PRH 19%
Live Fund 24%
Marks Brothers is paying a dividend of $56.25 on each share. How much will PRH
receive in dividends?
$14,820
$43,875
$83,363
$638,725
$833,625

Answer 1

Answer:

Amount of dividend that PRH will receive is $833,625.

Step-by-step explanation:

The following are given in the question:

Total number of shares of Marks Brothers = 78,000

Percentage of shares of Marks Brothers held by PRH = 19%

Dividend per share = $56.25

Therefore, we can now proceed as follows:

Number of shares of Marks Brothers held by PRH = Total number of shares of Marks Brothers * Percentage of shares of Marks Brothers held by PRH = 78,000 * 19% = 14,820

Amount of dividend that PRH will receive = Number of shares of Marks Brothers held by PRH * Dividend per share = 14,820 * $56.25 = $833,625

Answer 2

The amount of dividend that PRH will receive is $833,625.

• The calculation is as follows;

Number of shares of Marks Brothers held by PRH is

= Total number of shares of Marks Brothers × Percentage of shares of Marks Brothers held by PRH

= 78,000 × 19%

= 14,820

Now  

Amount of dividend that PRH will receive = Number of shares of Marks Brothers held by PRH × Dividend per share

= 14,820 × $56.25

= $833,625

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