Question

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?

Answer 1

According to the stock certificates that Kwame's grandmother gave to him, the par value of each share is $45 and the dividend rate is 6 ...

Explanation:

correct me if I'm wrong. C:

#CARRYONLEARNING

Answer 2

It’s 48% of what he had