Asked by Alyssa Torres on May 21, 2024
Verified
Stock of the ABC Corporation has a par value of $30. If the corporation pays a 6% dividend, compute the amount of the dividend per share.
Par Value
The face value of a bond or stock as stated by the issuing company.
Dividend Per Share
The amount of dividend that a company pays out for each share of its stock over a designated period.
- Acquire knowledge on the procedure for determining dividends paid out to shareholders.
Verified Answer
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Learning Objectives
- Acquire knowledge on the procedure for determining dividends paid out to shareholders.