Aditya bought 30 shares of face value 10, at the market price of 25 each. If the company declared a dividend of 20% on the share, what will he get, per share, and on the entire investment ? Also find his rate of return.
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Answer:
Dividends are always declared in terms of book value of the share and not on the current market price.
So dividend received by Aditya
= 30×10×20%
= 30 × 2
= 60
Step-by-step explanation:
Hope my answer is right.
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