Gce Model Questions Vol1 2023 Commerce Question 17
Practice objective / multiple choice question 17 from the 2023 Gce Model Questions Vol1 Commerce examination.
Company X announces a 3‑for‑1 share split and a cash dividend of \(\text{₦}2\) per share. An investor holds \(150\) shares bought at \(\text{₦}250\) each. The market price before the dividend is \(\text{₦}250\). After the dividend the share price falls by the dividend amount, then the split is applied. Following the split the share price increases by \(5\%\) due to market reaction. Determine the investor's total value (share value plus cash dividend) after these events and state the overall percentage gain or loss on the original investment, rounded to the nearest whole percent.
Answer Options
About This Question
This is Gce Model Questions Vol1 2023 Commerce Question 17. It is one of the objective questions from the 2023 Gce Model Questions Vol1 Commerce examination.
Difficulty level: Hard .
Master the Exam!
You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.