7.3 Peachey plc has an issued share capital of £60 000 denominated in 25p shares. On 13 May 2012 Carina, a shareholder, sold half of her total shareholding of 8000 shares to her sister Cathy. Peachey’s accounting year-end is 31 December. In the year ending 31 December 2012 the company paid dividends of 10% of nominal value. Half the dividend was paid on 31 March 2012 and the remainder on 30 September 2012.

What amount of dividend did Carina and Cathy receive in the year ending 31 December 2012?

a) Carina receives £600; Cathy receives £200.

b) Carina receives £400; Cathy receives £400.

c) Carina receives £100; Cathy receives £100.

d) Carina receives £150; Cathy receives £50.