New Brunswick Bank pays a quarterly dividend of $0.75 per share. If comparable investments yield 4.16% compounded

Question:

New Brunswick Bank pays a quarterly of $0.75 per share. If comparable investments yield 4.16% compounded monthly, what is the sales value of the shares? 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...