Vishwanath
Sunday, February 17, 2013
24.A man invested Rs. 14,400 in Rs.100 shares of a company at 20% premium. If the company declares 5% dividend at the end of the year , then how much does he get?
A. Rs. 500
B. Rs. 600
C. Rs. 650
D. Rs. 720
Answer:
Option : B Number of shares | = Rs. |
| 14400 |
| 120 |
Face value = Rs.(100 x 120) = Rs. 12000. Annual Income | = Rs. |
| 5 | x 12000 |
| = Rs. 600 | 100 |
|
Title : Stocks And Shares Q24
Description : 24.A man invested Rs. 14,400 in Rs.100 shares of a company at 20% premium. If the company declares 5% dividend at the end of the year , then...
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