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Answer:
debit to dividends payable for $3,125
Explanation:
Based on the information given the journal entry to pay a previously declared dividend of the amount of $.25 per share on 12,500 outstanding shares of common stock requires a:
Debit to dividends payable for $3,125
Calculated as:
Dividends payable =Dividend of the amount of $.25 per share *12,500 outstanding shares of common stock
Dividends payable=$3,125
Answer:
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The effective interest rate is greater by 0.71 percentage points as compared to the nominal interest rates.
<h3>How to compute the effective interest rate?</h3>
Given,
Nominal Interest rate =13.62%
compounding period =quarterly, that is 4.
The formula of the effective interest rate will be used:

Now, the difference of the effective interest rate and nominal interest rate will be determined to know the exceeding percentage:

Therefore, option d. 0.71 percentage points is correct.
Learn more about the effective interest rates, refer to the link:
brainly.com/question/14270693