The capital of a company is made up of 50000 preferred shares with div – McqOptions

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1.	The capital of a company is made up of 50000 preferred shares with dividend of 20% and 20000 common shares, the par value of each type of share being $ 10. The company had a total profit of $ 180000 out of which $ 30000 were kept in reserve fund and the remaining distributed to shareholders. Find out the dividend percent to the common shareholders.
A.	24 %
B.	20 %
C.	25 %
D.	30 %
Answer» D. 30 %

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