A man buys * 75 shares at a discount of
15 of a company paying 20% dividend.
Find:
(i) the market value of 120 shares;
(ii) his annual income;
(iii) his profit percent.
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Answered by
0
Answer:
Nominal value of 1 share = Rs. 75 Market value of 1 share = Rs. 75 – Rs. 15 = Rs. 60 Market value of 120 shares = 120 × 60 = Rs. 7,200 Nominal value of 120 shares = 120 × 75 = Rs. 9,000 Annual income = 20% of Rs. 9,000
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Answered by
1
Answer:
60...
7200...
20 percentage...
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