Question
Calculate the cost of buying 700 BSP shares at K0.71 each with the brokage of 2.5%.
Answers
Answer
Ruth was paid K60000 as dividend for 2000000 shares. How much was the dividend per shares?
Answered by
GPT 3.5
The cost of buying 700 BSP shares at K0.71 each is:
700 shares x K0.71 = K497
The brokerage fee is calculated as 2.5% of the total cost of the shares:
2.5% of K497 = K0.025 x 497 = K12.43
Therefore, the total cost of buying 700 BSP shares at K0.71 each with a brokerage fee of 2.5% would be:
K497 (shares) + K12.43 (brokerage fee) = K509.43.
700 shares x K0.71 = K497
The brokerage fee is calculated as 2.5% of the total cost of the shares:
2.5% of K497 = K0.025 x 497 = K12.43
Therefore, the total cost of buying 700 BSP shares at K0.71 each with a brokerage fee of 2.5% would be:
K497 (shares) + K12.43 (brokerage fee) = K509.43.
Answered by
GPT 3.5
To calculate the dividend per share, divide the total dividend received by the total number of shares:
Dividend per share = Total dividend / Total number of shares
Dividend per share = K60,000 / 2,000,000 shares
Dividend per share = K0.03
Therefore, the dividend per share was K0.03.
Dividend per share = Total dividend / Total number of shares
Dividend per share = K60,000 / 2,000,000 shares
Dividend per share = K0.03
Therefore, the dividend per share was K0.03.
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