Shares of face value of Rs.10 are 80% paid up. The company declares a dividend of 50%. Then amount of…
The dividend is Rs.4 per share. Paid-up value is Rs.10 × 80% = Rs.8, and 50% of Rs.8 is Rs.4.
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Shares of face value of Rs.10 are 80% paid up. The company declares a dividend of 50%. Then amount of dividend per share will be?
Answer and explanation
Correct answer B
The dividend is Rs.4 per share. Paid-up value is Rs.10 × 80% = Rs.8, and 50% of Rs.8 is Rs.4.
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Kerala SET (LBS Centre)