MATHS--
A company with 4000 shares of nominal value OF Rs.110 declares annual dividend of 15%.
Calculate:
(i) the total amount of dividend paid by the company.
(ii) the annual income of Shah Rukh who holds 88 shares in the company.
(iii) if he received only 10% on his investment, find the price Shah Rukh paid for each
share. (ICSE 2008)
PLZ. ANSWER THESE AND IFCAN PLZ. ANSWER ONLY THE FIRST PART OF THE QUESTION.
THANK YOU! HAVE A NICE DAY.
Answers
Answered by
0
Answer:
2 is the answer.. ... I hope it will help you
Answered by
3
Answer:
dividend per share = 110×15/100 = Rs 16.50
(1) total dividend paid = no of shares × dividend per share = 4000×16.50 = Rs 66,000
(2) annual income of Sharuk = 88×16.50
= Rs 1,452
(3) if 10% = 1,452, then sharuk's investment
= Rs 14,520
therefore buying price of one share by sharukh
= investment / no of shares bought
= 14520/88
= Rs 165
sharukh bought Rs 110 shares at Rs 55 premium
ie at Rs 165
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