Asked by Robin Wescott on May 15, 2024
Verified
Stock of the XYZ Corporation has a par value of $50. If the corporation pays a 5% dividend, compute the amount of the dividend paid to the owner of 160 shares.
Par Value
The nominal value of a bond or stock as declared by the issuer.
Dividend Paid
The amount distributed by a corporation to its shareholders from its earnings based on the number of shares each shareholder owns.
- Learn the process involved in computing dividends issued to stockholders.
Verified Answer
JN
Learning Objectives
- Learn the process involved in computing dividends issued to stockholders.