A man invests 20,020 in buying shares having a nominal value of 26 at a premium of 2. The
dividend on the shares is 10% p.a. Calculate:
(i) The number of shares he buys.
(ii) The annual dividend he receives.
(iii) His percentage returns on his investment.
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Answer:
MV is 26+ 2 = 28
no of shares = 20020/28= 715
annual dividend is (715×36×10)/100= 1859
return Percentage is 1859/20020×100= 9.28%
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