Mathematics, 18.05.2021 09:10 stef76

Tim's grandmother recently gave him 25 shares of preferred stock. Tim would like to figure out the actual
dollar amount of the dividend, which is a percentage of
the par value of the sock.
The par value of each share is $45.00
The dividend rate is 8%
What is the total dollar amount that Tim should receive
each year?

Answers: 2

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Tim's grandmother recently gave him 25 shares of preferred stock. Tim would like to figure out the...