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...

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.