A company has a net profit after taxes of Rs 1,20,000 and pays a cash dividend of Rs 48000 on its 36000 outstanding shares at a time when the share is selling at Rs12. What is the dividend payout percentage? * 54% O 45% O 40% O 42%
A company has a net profit after taxes of Rs 1,20,000 and pays a cash dividend of Rs 48000 on its 36000 outstanding shares at a time when the share is selling at Rs12. What is the dividend payout percentage? * 54% O 45% O 40% O 42%
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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![A company has a net profit after taxes of Rs 1,20,000 and pays a cash dividend
of Rs 48000 on its 36000 outstanding shares at a time when the share is selling
at Rs12. What is the dividend payout percentage? *
54%
45%
O 40%
O 42%](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F6212d3a4-be5a-40c3-8c3b-934d140d5b04%2F48d9fba8-c57b-4412-a750-48fff94c6544%2Fyqfabfn_processed.jpeg&w=3840&q=75)
Transcribed Image Text:A company has a net profit after taxes of Rs 1,20,000 and pays a cash dividend
of Rs 48000 on its 36000 outstanding shares at a time when the share is selling
at Rs12. What is the dividend payout percentage? *
54%
45%
O 40%
O 42%
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