b) please help me solve this
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ADHIRAJ12:
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hi bro
how are you
Parineeti buys 500, Rs 20 shares at a discount of 20% and receives a return of 10% on her money.
a) amount invested by her
b)the rate of dividend paid by the company
c)the annual dividend
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Answer:
Step-by-step explanation:
No of shares =500
Nominal value =20
Market value =20-(20×20%)
=16
Investment
=no.of shares × MV
=500×16
=8000
Div%
Div%×NV =Return% × MV
div% × 20 =10% × 16
=8%
Annual dividend
Div% × NV× No of shared
= 8/100 × 20× 500
=8000
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