JUST-F_16-17
A company wishes to pay out all available profits as dividends. Net profit is Tk. 26,600.There are 20,000 preference shares of Tk, 1 each with dividend at a rate of 8% and50,000 ordinary shares of Tk. 1 each. Tk. 5000 is to be transferred to General Reserve.What ordinary dividends are to be paid in percentage?
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