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A company wishes to pay out all available profits as dividends. Net profit is GHS26,600. There are 20,000 8% preference shares of GHS1 each,

A company wishes to pay out all available profits as dividends. Net profit is GHS26,600. There are 20,000 8% preference shares of GHS1 each, and 50,000 ordinary shares of GHS1 each. GHS5,000 is to be transferred to general reserve. What ordinary dividends are to be paid?

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