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A company wishes to pay out all available profits and dividends.Net profit is sh 26,600. THere are sh 20,000 8% preference shares of sh 1

A company wishes to pay out all available profits and dividends.Net profit is sh 26,600. THere are sh 20,000 8% preference shares of sh 1 each, and sh 50,000 ordinary shares of sh 1 each. sh 5,000 is to be transferred to general reserve. what ordinary dividends are to be paid in percentage terms?

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