Gce Model Questions Vol1 2025 Commerce Question 49
Practice objective / multiple choice question 49 from the 2025 Gce Model Questions Vol1 Commerce examination.
An investor holds 200 shares of Company A bought at ₦150 each and 150 shares of Company B bought at ₦240 each. During the next year Company A pays a dividend of ₦12 per share and its market price rises to ₦165. Company B pays a dividend of ₦18 per share and its market price falls to ₦230. The investor sells half of the shares of each company at the new market prices. Brokerage on each sale is 0.5% of the sale value and dividend tax is 10% of the dividend received. Ignoring any other costs, calculate the overall rate of return (percentage) on the original investment after receiving the net dividends, the net sale proceeds and the market value of the remaining shares.
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This is Gce Model Questions Vol1 2025 Commerce Question 49. It is one of the objective questions from the 2025 Gce Model Questions Vol1 Commerce examination.
Difficulty level: Hard .
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