CORRECT TEXT


CORRECT TEXT

A public limited company declares a 10% final dividend.

The nominal value of the shares is 50p and the shares are currently trading, in the stock market, at a price of £2.

A shareholder who purchased 1000 shares at a price of £1.00 per share, will receive a dividend of:

Give your answer to 2 decimal places.

Answer: £49.99

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