Question

A man bought same share of rs 100 at a par value which yeld 12 percent divident per annum. At the end of the year he recieved rs 2400 as divident

(i) How many shares did he buy?
(ii) How much did he invest?​

Answer 1

Step-by-step explanation:

Face value = ₹ 100

Yield = 12%

coupon per share = ₹ 12 (=0.12 × 100)

Dividend received = ₹ 2,400

i. Number of shares = 2,400 / 12 = 200

ii. Amount invested = 200 × 100 = ₹ 20,000