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On July 15, 2018, the board of directors of George Easton Limited declared a cash dividend of $0.50 per share on 84,000 common shares. The dividend is to be paid on August 15, 2018, to shareholders of record on July 31, 2018.
-The correct entry to be recorded on August 15, 2018 will include a
Effective Annual Rate
The interest rate on an investment or loan that is annualized and takes compounding into account, providing a full picture of the annual interest.
Effective Annual Rate
The real interest rate a savings account, loan, or investment earns, once compounding has been taken into consideration.
Annual Percentage Rate
The yearly interest rate applied to loans or gained from investments, encompassing all associated fees and extra expenses related to the transaction.
Stated Rate
The nominal interest rate of a financial instrument, not including any compounding interest or fees.
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