Question

. A company declares semi-annual dividend of
5%. Krishan Lal owns 25 shares (of par value
* 12.50 each). How much annual dividend must he
receive?
​

Answer 1

Step-by-step explanation:

dividend %=5%

number of shares =25

nominal value =12.50

dividend = 5%×25×12.50

=15.625 (ans)