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A public company has an issued share capital (fully paid) of £1,800,000 and £200,000 on a share premium account but no other undistributable reserves. Its net assets are £2,250,000. What is the maximum amount which it may distribute as dividend payments? A. It may not pay any dividend in this situation. B. £250,000. C. £200,000. D. £450,000. |