$A$ company issued $50000$ shares of par value $Rs. 10$ each. If the total dividend declared by the company is $Rs. 62500$,then find out the rate of dividend paid by the company. (in $\%$)

  • A
    $8\frac{1}{2}$
  • B
    $12\frac{1}{2}$
  • C
    $12$
  • D
    $13\frac{3}{4}$

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