A man invests rs1800 in buying shares of face value rs 24 and selling at 25%premium . the dividend on the share is 15%per annum.
1) calculate the number of shares he buys
2) calculate the dividend he receives annually
PLEASE ANSWER SOLVING IT STEP WISE
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Whenever a company declares dividend, it is always a certain percentage of the face value of its stock price (and not of its market price.) Face value is the original cost of the stock shown on the certificate, (usually Re
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Answer:
1) 60, 2) ₹ 216
Step-by-step explanation:
Value of share= ₹ 24
Market value of share= ₹ 24 +25%= ₹ 24+6= ₹ 30
Investment= ₹ 1800
Shares bought= ₹ 1800/₹ 30= 60
Nominal value of shares bought: 60* ₹ 24= ₹ 1440
Dividend= 15% of ₹ 1440= ₹ 216
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