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A company issued 50000 shares of par value $ 10 each. If the total dividend declared by the company is $ 62500, then find out the rate of dividend paid by the company.
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8 1 % 2
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12 1 % 2
- 12 %
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13 3 % 4
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Correct Option: B
Given:- Number of shares = 50000
Par value of a share = $ 10
∴ Total par value of 50000 shares = Number of shares x Par value of a share
Total par value of 50000 shares = $ 50000 x 10 = $ 500000
Total dividend = $ 62500
| ∴ Rate of dividend paid by the company = |  | Total dividend | x 100 |  | % |
| Total par value |
| Rate of dividend paid by the company = | | 62500 | x 100 | | % = 12 | 1 | % |
| 500000 | 2 |
