a man invests rs 4500 in shares of a company which is paying 7.5% dividend. if rs100 shares are available at a discount of 10%, Find
i) The number of shares he purchases
ii) his annual income
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Answer:
Given,
Investment = Rs.4500
Divident = 7.5 %
FV = Rs . 100
MV = 100- 10% of 100
= 100 -10
=Rs . 90
Since,
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