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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Definitions:

Thyroid

A gland in the neck that produces hormones regulating metabolism, growth, and development of the human body.

Urinary Bladder

The urinary bladder is a hollow muscular organ that collects and stores urine from the kidneys before disposal by urination.

Secondary Palate

Roof of the mouth in the early embryo that gives rise to the hard and the soft palates.

Cleft Palate

Failure of the embryonic palate to fuse along the midline, resulting in an opening through the roof of the mouth.