Sahib holds 300 equity shares of Rs.10 each of the company. The company issues bonus shares in the ratio of 5:3.The company declared a dividend of 15% on enlarged capital. How much dividend will Sahib receive? *
Answers
Given : Sahib holds 300 equity shares of Rs.10 each of the company.
The company issues bonus shares in the ratio of 5:3.
The company declared a dividend of 15% on enlarged capital.
To Find : How much dividend will Sahib receive
Solution:
Sahib holds 300 equity shares of Rs.10 each of the company.
he company issues bonus shares in the ratio of 5:3.
Bonus share = ( 3/5) * 300 = 180
Total share = 300 + 180 = 480
a dividend of 15% on enlarged capital.
Dividend per share = (15/100)10 = 1.5 Rs
Dividend per share = 1.5 Rs
Total Shares = 480
Dividend = 480 x 1.5
= 720 Rs
Sahib receive 720 Rs as dividend
Learn More:
anil possessed 500,Rs.100shares paying g 15%dividend.he sold ...
https://brainly.in/question/15530727
a company declares a dividend of 20% on its equity shares. if a ...
https://brainly.in/question/15923514
Pratik owned 300 shares of a companywith face value of 2 10 each ...
https://brainly.in/question/24794779