Question

6. The total dividend at 8% on 420
shares of face value Rs. 10 each and
market value Rs. 20 each is​

Answer 1

Given :   dividend at 8%

420  shares

face value Rs. 10 each

market value Rs. 20 each

To Find : Total Dividend

Solution:

Dividend is issued on Face Value

Face Value of share = Rs 10

Dividend % = 8  %

Dividend per share = (8/100)10  =  Rs 0.8

Number of Shares = 420

Total Dividend = 420 x 0.8

= Rs 336

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