ATP Ltd Has Declared a Final Dividend Per Share of $1.45

question 38

Multiple Choice

ATP Ltd has declared a final dividend per share of $1.45 to be paid in the form of a dividend reinvestment plan.The weighted average price of ATP shares for the five days after the record date relating to this dividend was $10.23.If an investor currently owns 2,000 shares,how many new shares will they receive under the scheme?

• A)215
• B)283
• C)267
• D)238

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