Date
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By investing Rs. 7500 in shares of a
company
that paid lose dividend, an income of a 500
els received ces dividend what was the price
id for each of Re. 100 share?
Answers
Answered by
64
Given:
Investment = Rs. 7500
Rate of dividend = 10%,
Total income = Rs. 500.
Face value of each share = Rs. 100
Let's Find the Total face value:
Total face value = (100 x 500)/10
= Rs 5000
Therefore:
If face value is Rs. 5000, then investment = Rs. 7500
and if face value is Rs. 100 then market value of each share = (7500 x 100)/ 5000
= Rs 150
Answered by
34
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