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What will the total dividend for the year be

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Question - Haughton Ltd has in issue 300,000 ordinary shares of $1 each and 120,000 5% preference shares of $0.50 each. The directors declared an interim ordinary dividend of 7.5%. What will the total dividend for the year be?

a. $22,500

b. $25,500

c. $28,500

d. $37,500

Reference no: EM132921406

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