Q:
A man invested Rs. 14,400 in Rs. 100 shares of a company at 20% premium. If his company declares 5% dividend at the end of the year, then how much does he get?
Answer & Explanation
Answer: B) Rs.600
Explanation: Number of shares = =120.
Face value = Rs.(100 x 120) = Rs.12000.
Annual income = Rs (5/100*12000) = Rs. 600
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