Peachey plc has an authorised and issued share capital of £60 000 denominated in 25p shares. On 13 May 20X6 Carina, a shareholder, sells 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 20X6 the company declares dividends of 10% of nominal value. Half the dividend is paid on 31 March 20X6 and the remainder on 30 September 20X6.

What amount of dividend do Carina and Cathy receive in the year ending 31 December 20X6?

a) Carina receives £600; Cathy receives £200 Dy) Carina receives £400; Cathy receives £400 O ) Carina receives £100; Cathy receives £100

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