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Question

Kristy Chancellor owns 540 shares of FiberQueue $100 par value common stock. The stock pays a dividend of 4%. What total amount will Kristy receive in dividends?

**A.**$2,016

**B.** $21.60

**C.**$5,184

**D.** $2,160

**E.**$1,350

Solution

VerifiedStep 1

1 of 2$4\% \times \$100 \times 540=\$2,160$

The dividend is the product of the dividend rate, the par value and the number of shares.

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