Question

9. Arun owns 560 shares of a company. The face value of
each share is 25. The company declares a dividend
of 9%. Calculate:
(i) the dividend Arun would receive, and
(ii) the rate of interest, on his investment
Considering that Arun bought these shares @
* 30 per share in the market. (ICSE 1992)​

Answer 1

Answer:

Step-by-step explanation:

Arjun owns share = 560

Face value of 1 share = 25%

To find the rate of interest on his investment. Arjun buys these shares at Rs30.

Dividend on 1 share =  rs 9/100* 25 = 9/4 = rs 2.25

560 share = rs 9/4* 560 =  rs 1260

Rate of interest when he buys share at Rs30 = 1260/30* 560* 100%

=7.5%

pls mark as brainliest answeer