Question

9. Amit bought 24 shares of FV 100 by investing
3000. 8% dividend was declared on shares. Find
(1) the MV of the share (ii) the rate of return on
the investment​

Answer 1

MV of the share = Rs 125 and  Rate of Return of the  investment = 6.4 %

Step-by-step explanation:

Amit buy 24 shares of fv 100 by investing 3000

Amount invested = Number of Shares Bought * Market Value

=> 3000 = 24 * MV

=> MV = 3000/24

=> MV = 125

MV of the share = Rs 125

Dividend 8 %  

Dividend per share =  ( 8/100) * FV  = (8/100) * 100 = Rs 8

Dividend for 24 Share = 24 * 8  =  192 Rs

Rate of Return of the  investment =  (192 / 3000) * 100  =  6.4%

Step-by-step explanation:

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