13. The capital of a shoe company is Rs 3,000,000 and is divided into 60,000 equity
shares. If the company pays a dividend of 12%, what amount of dividend will
Shahid get for his 150 shares?
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The acquisition of 18 million out of a total of 24 million equity shares is a ... Administrative expenses (12,500 + (6,000 x 8/12)) ... Total dividends would therefore have been €15·5 million.
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