Le Point Bookbindery pays a dividend of $1.25 per share every three months. How many months would

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Le Point Bookbindery pays a dividend of $1.25 per share every three months. How many months would it take to earn dividends amounting to $8.75 per share?
Dividend
A dividend is a distribution of a portion of company’s earnings, decided and managed by the company’s board of directors, and paid to the shareholders. Dividends are given on the shares. It is a token reward paid to the shareholders for their...
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Contemporary Business Mathematics with Canadian Applications

ISBN: 978-0133052312

10th edition

Authors: S. A. Hummelbrunner, Kelly Halliday, K. Suzanne Coombs

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