Thom Hayes owns Gaz Metropolitan preferred stocks. If this preferred stock issue pays 8.65 percent based on

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Question:

Thom Hayes owns Gaz Metropolitan preferred stocks. If this preferred stock issue pays 8.65 percent based on a par value of $25, what is the dollar amount of the dividend for one share of Gaz Metropolitan? (Round your answer to 2 decimal places. Omit the "$" sign in your response.)

Dividend per share $________.