Neco Model Questions Vol1 2023 Commerce Question 41
Practice objective / multiple choice question 41 from the 2023 Neco Model Questions Vol1 Commerce examination.
An investor bought 200 shares of XYZ Ltd at ₦150 each on 1 January. The company declared a cash dividend of 10 % of the nominal value (₦100) per share, which was paid on 15 April. On 30 June the company performed a 2‑for‑1 stock split. The investor sold all his shares on 31 December at a market price of ₦120 per share (post‑split). Calculate the overall percentage gain on the investment, taking the dividend and the split into account.
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About This Question
This is Neco Model Questions Vol1 2023 Commerce Question 41. It is one of the objective questions from the 2023 Neco Model Questions Vol1 Commerce examination.
Difficulty level: Hard .
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