Columbia Corporation stock has a par value of $47. If the corporation pays a 7% dividend, compute the amount of the dividend paid to the owner of 1,400 shares.​

Par Value

The face value of a bond or stock as stated by the issuer, which may differ from its market value.

Dividend Paid

Dividend Paid signifies the actual distribution of a company's earnings to its shareholders in the form of cash, checks, or electronic transfers.