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Consider the following group structure: Fred Ltd holds 60.0% in Barney Ltd Barney Ltd holds 80.0% in Betty Ltd Betty Ltd holds 55.0% in BamBam

Consider the following group structure:

Fred Ltd holds 60.0% in Barney Ltd

Barney Ltd holds 80.0% in Betty Ltd

Betty Ltd holds 55.0% in BamBam Ltd

Betty Ltd holds 60.0% in Pebbles Ltd

Pebbles Ltd holds 55.0% in Dino Ltd.

Required:

What proportion of Barney Ltd's dividends are attributable to the shareholders of Fred Ltd?

(Do not include % sign in your answer, round to two decimal places.)

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