Question

a man wants to buy 62 shares available at rs. 132(par value of rs. 100) (1).how much should he invest and (2).if the dividend is 7.5%,what will be his annual income

Answer 1

1. He will have to invest= 62 × Rs 132= Rs 8184

2. Dividend on 1 share= 7.5% of Rs 100=Rs 7.50

Therefore, his annual income = 62 × Rs 7.50= Rs 465

hope thishelps you out!

Answer 2

Amount Invested = Rs 8184  & Dividend  income = Rs 465  for 62 Shares of Par Value Rs 100 available at Rs 132

Step-by-step explanation:

Complete Question is

A man wants to buy 62 shares available at rs. 132(par value of rs. 100)

(1).how much should he invest and

(2).if the dividend is 7.5%,what will be his annual income

Market Value = rs 132

Number of Shares Bought = 62

Amount Invested = 132 * 62  = Rs 8184

Dividend 7.5 % at Par value (Face Value) = (7.5/100) * 100 = 7.5 Rs per Share

Dividend for 62 Shares = 62 * 7.5 =  465 Rs

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