ashwini bought Rs. 40 shares at a premium of 40% . find the income , if ashwini invests Rs. 14000 in these shares and receives a dividend at the rate of 8% on the nominal value of the shares.
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Answer:
Rs. 800
Step-by-step explanation:
m.v. = 40 +( 40/100 * 40)= 56
No. of shares = Sum/ m.v.
= 14000/ 56 = 250 shares.
income = No. of shares × F.V. × dividend percent
250 × 40 × 8/100
800
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