Question

If a company has 150 shares of common stock and $15000.00 to be distributed to its holders, how much each share receive

Answer 1

each share is $100 because 15000/150=100 and therefore 100*150=15000

Answer 2

Answer with explanation:

Number of shares of common stock of a company =150

Amount of money which has to be distributed to holders= $ 15000.00

Share received by each share holders

`=(15000)/(150)\\\\=100`$