Asked by Bavumile Mbambo on May 17, 2024
Verified
Stock of the Boston Corporation has a par value of $20. If the corporation pays a 7% dividend, compute the amount of the dividend paid to the owner of 762 shares.
Par Value
The face value of a bond or stock as stated by the issuing company, not necessarily its market value.
Dividend Paid
Dividend Paid refers to the amount of earnings distributed by a corporation to its shareholders as a reward for their investment.
- Comprehend the methodology for calculating dividends distributed to shareholders.
Verified Answer
PS
Learning Objectives
- Comprehend the methodology for calculating dividends distributed to shareholders.