ABHISEK OWNS 560 SHARES OF A COMPANY.THE FACE VALUE OF EACH IS RS 25.THE COMPANY DECLARES A DIVIDEND OF 9%.CALCULATE :
THE DIVIDEND
THE RATE OF INTEREST ON HIS INVESTMENT IF HE PAID RS30 FOR EACH SHARE.
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No. of shares = 560,
Nominal Value of one share = Rs. 25,
Rate of dividend = 9%.
Dividend per share = 9% of Rs. 25 = 9/100 × Rs.25 = Rs. 9/4.
Dividend for 560 shares = 560 × Rs. 9/4 = Rs. 1260.
Investment = No. of shares × Market value of one share
= 560 × Rs. 30 = Rs. 16800.
Rate of interest on investment = (Dividend / Investment) × 100
= (1260/16800) × 100 = 7.5%.
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