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FINRA Series 7

Category - Series 7

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The Bubba Corporation has 50,000 outstanding shares and holds 20,000 shares as treasury stock. At the end of the third quarter $450,000 is distributed as a dividend on the common. How much is the dividend per share?

$22.5
$9
$6.43
None of the above

Explanation

Answer: B - The dividend per share is $9. Since treasury stock does not receive dividends, divide $450,000 by the outstanding 50,000 shares to arrive at $9 per share.

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