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WAEC Commerce 2004 Question 12

Question 12

Business Finance

Dividend is always expressed as a percentage of total

  1. A.earnings of the business
  2. B.value of shares owned
  3. C.working capital
  4. D.volume of business
Show the answer and explanation

Answer: B (value of shares owned)

Explanation

Dividend is stated as a percentage of the (nominal) value of shares held.