3. A man buys 400, twenty-rupee shares at a
premium of 4 each and receives a dividend
of 12%. Find :
(i) the amount invested by him.
(ii) his total income from the shares.
(iii) percentage return on his money.
Answers
Answered by
2
Answer:
(|||) is the correct answer
Answered by
6
Answer:
10 %
Step-by-step explanation:
Nominal value of 1 share =Rs 20
Market value of 1 share Rs 20+Rs 4
No of shares purchased = 400
Nominal value of shares= 400x20=Rs 8,000
Market value of 400 shares=400x24=9,600
Dividend=12%
Dividend=12% Rs 8000
12 Rs 8000= Rs 960
100
3] Percentage return = income x 100%
Investment
= 960 x 100% =10%
9600
Hope it helps
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