Find the market price of a share at the time of purchase.if an investment of Rs,l.1,09,350 in 20% RS .100 shares gave a total dividend of Rs 9000
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Answer:
Step-by-step explanation:
annual income =(no of shares×face value ×rate)/100
9000=(n×100×20)÷100
N=(9000×100)/100×20
N=450
Money invested=no of shares×market value(buying time)
1109350=450×mv(b)
Mv(b)=2465.22
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