Mary Jane Owns 1,000 Shares of TUV Trucking Company

question 11

Multiple Choice

Mary Jane owns 1,000 shares of TUV Trucking Company.TUV pays a quarterly dividend of $.50 per share.What is the total annual dividend that Mary Jane will receive?

• A) $.25.
• B) $1.00.
• C) $500.
• D) $1,000.
• E) $2,000.

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Definitions:

Credit

The right side of an account.

Journal Entry

A record in accounting that captures the financial transactions of a business, showing debits and credits for each transaction.

Coupon Rate

Each year, the interest yield on a bond is expressed as a percentage of its nominal value.

Market Rate of Interest

The prevailing rate at which borrowers and lenders agree to transact, influenced by various economic factors.