Question

A man invest rupees 10560 in a company paying 9% dividend at a time when its rupees 100 shares can be bought at a premium of rupees 32 find 1.the number of shares bought 2.the annual income for this shares 3.the rate of return on his investment.give your answer to nearest whole number

Answer 1

Answer:

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Answer 2

1. The number of shares bought = 330 shares

2. The annual income for his shares = 2970 Rs.

3. The rate of return on his investment =28.13%

Step-by-step explanation:

Nominal Value per share = 100 Rs.

Market value per share = 32 Rs.

Total investment of the man = 10560 Rs.

Total number of shares = $\frac{10560}{32}$  = 330 shares

Nominal value of his shares = 100 × 330 = 33,000 Rs.

Dividend = 9% of Nominal value

               = 0.09 × 33,000

               = 2970 Rs.

Rate of return = $\frac{income}{investment}\times 100$

                       = $\frac{2970}{10560}\times 100$

                       = 28.125 ≈ 28.13%

1. The number of shares bought = 330 shares

2. The annual income for his shares = 2970 Rs.

3. The rate of return on his investment = 28.13%

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