A company has 100,000, equity shares and £100,000 5% preference shares at a nominal value of 50p each. The directors decide to declare a dividend of 5p per equity share.
The total amount to be paid in dividends in the year amounts to:

Name: A company has 100,000, equity shares and £100,000 5% preference shares at a nominal value of 50p each. The directors decide to declare a dividend of 5p per equity share. The total amount to be paid in dividends in the year amounts to:
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Question

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The Answer is B

A Company Has 100,000, Equity Shares and £100,000 5% Preference