Answer: Each share would get $1122.45 as amount.
Step-by-step explanation:
Since we have given that
Amount is to be distributed to its holders = $275000
Number of shares of common stock = 245
According to question,
Amount each share received is given by
[tex]\frac{\text{Total amount}}{\text{ Number of shares}}\\\\=\frac{275000}{245}\\\\=\$1122.45[/tex]
Hence, Each share would get $1122.45 as amount.
