An investor initially holds 200 shares of XYZ Ltd. bought at $1{,}200$ ₦ each. Over the next year the investor purchases an additional 150 shares at $1{,}350$ ₦ each and sells 100 shares at $1{,}500$ ₦ each. XYZ declares a dividend of $80$ ₦ per share, payable on the shares held at year‑end. At year‑end the company announces a 2‑for‑1 stock split. Determine:
(a) the investor's average cost per share after the purchases and sale but before the split;
(b) the total dividend received;
(c) the number of shares held after the split;
(d) the new average cost per share after the split.

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(a) ₦1,264.29 per share; (b) ₦20,000 dividend; (c) 500 shares; (d) ₦632.14 per share

Neco Model Questions Vol1 2019 Commerce Question 35

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