ICSE 10th SHARES AND DIVIDENDS---what sum should invest in Rs.25 shares ,selling at Rs.36 to obtain an income of Rs.720
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Answered by
39
Given:
The nominal value of each share = Rs. 25
Market value of each share = Rs. 36
Total income = Rs 720
Rate of dividend = 12%
Therefore:
Total nominal value = (100 × 720)/ 12
= Rs 6000
Number of shares = 6000/25
= 240
Total investment = 240 × 36
= Rs 8640
Now, percentage return = (720 × 100)/ 8640
= 8.3% Ans
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11
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