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    Best Answer plc. was formed on 1st January 2001 with a share capital of 1 million shares of £1 per share. In the next 8 years, it retained profits of £2.5 million. On 1st January 2009 it issued another 2 million shares for which it received £8 million. In 2009, it made a profit of £1.2 million and paid a dividend of £0.7 million. The nominal value of its share capital at 31st December 2009 would be?

    Can you please help me!!! I just don't understand how to calculate the answer. Thanks.
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    No one?
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    ??
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    lol
 
 
 
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