A man invested U24000.00 in U5.00 shares of a firm. After a period of time, it appreciated to U5.50 per share. How much dividend did he receive, if the dividend declared is 50k per share?


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Question Number 205350 by necx122 last updated on 17/Mar/24

$A m a n i n v e s t e d U 24000.00 i n U 5.00$ $s h a r e s o f a f i r m . A f t e r a p e r i o d o f$ $t i m e, i t a p p r e c i a t e d t o U 5.50 p e r s h a r e .$ $H o w m u c h d i v i d e n d d i d h e r e c e i v e, i f$ $t h e d i v i d e n d d e c l a r e d i s 50 k p e r s h a r e ?$
Commented by A5T last updated on 17/Mar/24

$50 k = U 0.50 ?$
Commented by necx122 last updated on 17/Mar/24

$y e s! t h a t s i t .$
	Answered by A5T last updated on 17/Mar/24

	$\frac{24000}{5} \times 5.50 = 26400$ $D i v i d e n d = \frac{26400}{5.50} \times 0.5 = 2400$
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