ECZ 2016 · O-Level Paper 1 — Social and Commercial Arithmetic
The dividend due on 1 000 shares at the end of a financial year is K2 250.00. If the annual dividend rate is 3% of the share value, calculate the value of each share.
- A. K75.00
- B. K7.50
- C. K67.50
- D. K750.00
Verified working — step 1
Build the dividend equation from the whole holding: the rate applies to the VALUE of all 1 000 shares.The full step-by-step working and final answer are included with Premium — checked against ECZ marking standards.
Original examination question © Examinations Council of Zambia. Worked solution and commentary © G12 Titan — not to be reproduced without permission.
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