Neco Model Questions Vol1 2022 Commerce Question 45
Practice objective / multiple choice question 45 from the 2022 Neco Model Questions Vol1 Commerce examination.
XYZ Ltd. has 2,000,000 shares outstanding, each trading at \(\text{₦}2,500\). The company declares a cash dividend of 5\% of the share price and, on the ex‑dividend date, the share price drops by the dividend amount. Immediately after, a 2‑for‑1 stock split is implemented, and the exchange charges a transaction levy of 0.1\% on the total market value after the split. What is the final market capitalisation (in \(\text{₦}\)) after the dividend, the split, and the levy?
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This is Neco Model Questions Vol1 2022 Commerce Question 45. It is one of the objective questions from the 2022 Neco Model Questions Vol1 Commerce examination.
Difficulty level: Hard .
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