Question

Amit bought 24 shares of Amit bought 24 shares of FV rupees 100 by investing rupees 3000 8% dividend was declared on shares find MV of the share.find dividend received.
the rate of return on investment ​

Answer 1

Answer:

Amit buy 24 shares of FV 100 by investing 3000 8% dividend was declared on shares.

To find : The MV of the share and the rate of return of the investment ?

Solution :

The amount invested = Number of share bought × Market value

3000=24\times MV3000=24×MV

MV=\frac{3000}{24}MV=243000

MV=125MV=125

The market value of the share is Rs.125.

Dividend is 8%.  

Dividend per share is given by 8% of FV

d=\frac{8}{100}\times 100d=1008×100

d=8d=8

The dividend of 1 share is Rs.8

The dividend of 24 share is Rs. 8\times 24=1928×24=192

Rate of Return of the investment is given by

r=\frac{192}{3000}\times 100r=3000192×100

r=6.4\%r=6.4%