On which of the following factor(s),does dividend depend?
A
Nominal Value
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B
Rate of dividend
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C
Number of shares
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D
None of these
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Solution
The correct options are A Nominal Value B Rate of dividend C Number of shares Dividend obtained = Rate of Dividend × No. of shares × Nominal value of each share ∴ Dividend is dependant on Nominal value, Rate of dividend and Number of shares.