A company has an authorised share capital of $1 000 000. The company has issued 800 000
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A company has an authorised share capital of $1 000 000. The company has issued 800 000 ordinary shares of $1 at $1.20 per share. It pays $48 000 as dividend on the ordinary shares. What was the rate of the dividend?
A. 4%
B. 4.8%
C. 5%
D. 6%
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The rate of dividend can be calculated using the following formula Rate of Dividend Dividend ...View the full answer
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