Question

A man invests * 7,770 in a company paying 5 per cent dividend
when a share of nominal value of 100 sells at a premium of
5. Find :
(i) the number of shares bought;
(ii)annual income;
(iii) percentage income
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Answer 1

Answer:

A man invests *7,770 in a company playing 5 per cent dividend

when ashare of nominal value of 100 sells at a

premium of

5. Find :

1. the number of shares bought;

2. annul income;

3. percentage income