BobbyBuckets8140 BobbyBuckets8140

19-07-2017
Business

contestada

What is the dividend on an 8 percent preferred stock that currently sells for $45 and has a face value of $50 per share?

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barnuts barnuts

01-08-2017

The dividend of a stock would always depend on the face value of the share. Therefore the dividend is calculated by:

Dividend = (Face Value) * (Interest rate)

Dividend = $50 per share * 0.08

Dividend = $4 per share (ANSWER)

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