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