1. A firm has $3,000,000 in its common stock account and $30,000,000 in its paid-in capital account. The firm issued 500,000 shares of common stock. What is the par value of the common stock?
2. You purchased 300 shares of stock at a price of $21.72 per share. Over the last year, you have received total dividend income of $240. What is the dividend yield?
3. If a taxpayer elects to reinvest dividend income from a mutual fund investment, the dividends are :
A) automatially taxed at a lower capital gains tax rate
B) treated as normal diviends and taxable in the year recieved
C) Not taxable until the fund is sold
D) not taxable until they are withdrawn from the fund