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Use the following information to answer the given questio...

Use the following information to answer the given question


ordinary shares of ₦1 each500,0008% preference shares of ₦1 each200,000Interim dividends paid- ordinary shares40,000-preference shares12,000profit for the year100,000


The dividend per ordinary shares for the year is

A.

₦0.88 kobo

B.

₦0.40 kobo

C.

₦0.20 kobo

D.

₦0.17 kobo

Correct answer is B

No explanation has been provided for this answer.