1. The didend rate on a C S. is 5 7/19%, PV : 2 00, You own 4 round lots of this

Question

1. The didend rate on a C S. is 5 7/19%, PV : 2 00, You own 4 round lots of this stock How much dividend do 2. You own B bonds of Andrusco Corp. with coupon rate of 3 49%, and that you bought last year at quote 3. You have lust received drvidend check for $46.79, "n the round lot of IBM that you bought 5 years ago, at a 4. You just get a check for $400 from a company representing an interest payment. t you own 10 bonds of this you get each quarter? of 98 5/8. How much is an interest check you get? quote of e9%, if the PV of this security is SS00, what is the dividend rate on t ? company, what is the PV of this band ?

Explanation / Answer

Dividend rate = $5 7/19%

Dividend rate is an absolute amount and so we will convert 7/19% in absolute terms. 7/19% = 36.84

So dividend rate = 5.3684

This is the annual dividend rate and so quarterly dividends = 5.3684/4 = 1.3421

You own 4 lots so your quarterly dividend = 1.3421*4 = $5.3684

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