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Western Gadgets Limited has an issued share capital of 5000 denominated in 25p shares In the year ending 30 April 2012 an interim dividend of

Western Gadgets Limited has an issued share capital of £5000 denominated in 25p shares In the year ending 30 April 2012 an interim dividend of 2p per share and a final dividend of 2.5p per share were paid.

Joan owns shares In Western Gadgets Limited with a nominal value of £1500.

What was the value of Joan’s dividend for the year ending 30 April 2012?

a) £270

b) £150

c) £225

d) £67.50.

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