a man invested 8000 in a company paying 8% dividend when a share of face value of ₹100 is selling at 60 rupees premium what is his annual income what percent does he get on his money
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the number of shares that he has is 50 ( premium ) 8000/ 160
so 3000 is the premium amount
therefore 5000/100× 8 = 400 (dividend received)
the percentage that he earns is
400×100/8000= 5%
so 3000 is the premium amount
therefore 5000/100× 8 = 400 (dividend received)
the percentage that he earns is
400×100/8000= 5%
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