(iv) Shirin purchased a share of FV 100 for MV * 120. If the rate of return for Shirin
is 12.5%, find the dividend declared by the company.
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Answer:
DIVIDEND RECEIVED = Rs 15
Step-by-step explanation:
MV = 120
RATE OF RETURN= 12.5%
RATE OF RETURN= DIVIDEND RECEIVED /MV x 100
12.5/100=120 x dividend received
125/1000 x120 =dividend received
15= dividend received
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