A company with 4000 shares of nominal value of rs.110 declares annual dividend of 15% calculate:
1- if he received only 10% on his investment, find the price shahrukh paid for each share
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96
Total dividend = r/100*N.V*no. of shares
= 15/100*110*4000
Rs.66,000
Annual Income = r/100 * N.V * No. of shares
= 15/100 * 110 * 88
Rs.1,452
Return Percent = 10%
Rate of dividend/100* N.V = Rate of Return/100 * M.V
15/100 * 110 = 10/100 * x
x = Rs.165
= 15/100*110*4000
Rs.66,000
Annual Income = r/100 * N.V * No. of shares
= 15/100 * 110 * 88
Rs.1,452
Return Percent = 10%
Rate of dividend/100* N.V = Rate of Return/100 * M.V
15/100 * 110 = 10/100 * x
x = Rs.165
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