3) Find the face value of 7.5 % share of a company if Rs. 9000/- were invested to purchase shares at market price Rs. 450 and total dividend of Rs. 150 was obtained.
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Face value=?
rate of dividend=7.5
inv=9000
market value =450
annual dividend=150
there fore
no of shares=inv/mv
=9000/450
=20
Annual income=no of shares × rate of dividend×face value
therefore
face value =150×100/20×7.5
=100
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