by investing ₹11440in a company paying 10% dividend, an annual income of ₹520 is recived . What is the market value of each₹50 share
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Step-by-step explanation:
total investment=11440 rupees
dividend=10%
annual income=520 rupees
nominal value=50 rupees
= suppose he purchased x shares
face value of x shares= 50 x
dividend=50 x *10/100=5 x
then, 5 x = 520
x = 104
market value = total investment/number of shares bought
= 11440/104= rupees 110
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