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What is the dividend on £320.80 at 15p per £? (Hint: 1 pound = 100 pence)
The dividend on £1 is 15 p. Therefore, the dividend on £320.80 or 32080 pence (320.80 * 100) will be (32080*15)pence or 4812 pence, which is £48.12 (4812/100).
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