Question

A company with 500 shares of nominal value 120 declares an annual dividend of
15%. Calculate:
(1) the total amount of dividend paid by the company.
(ii) annual income of Mr. Sharma who holds 80 shares of the company.
If the return percent of Mr. Sharma from his shares is 10%, find the market value
of each share.​

Answer 1

Answer:

(i) 9000

(ii) 1440

Last part 118.2

Step-by-step explanation:

(i) 15% of 120 = 18

18×500 = 9000

(ii) 18×80= 1440

10% of 1440 = 144 paid back for 80 shares

144 ÷ 80 = 1.8

120 - 1.8 = 118.2

Hope these are correct