A company issued 50000 shares of par value $ 100 each. If the total dividend declared by the company is $ 125000, out of which `50000 have been kept in reserve fund and the remaining is distributed as dividend, find out the rate of dividend paid by the company.

• 2 3 % 4
• 1 1 % 2
• 1 1 % 4
• 2 %