Ashok purchased a share of Rs 10 for Rs 160. the company declared the dividend of 60% what is the percentage return on this investment
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Step-by-step explanation:
A person who purchases shares of the company becomes a shareholder of the company. ... Rate of return per annum = Annual income from an investment of Rs 100 =(\dfrac{Income}{Investment} \times 100) \% ... (ii) 275, Rs 60 shares at a discount of Rs 10. ... Example 4: A company declares semiannual dividend of 6%.
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