Mihir owns 560 shares of company. The face value of each share is rs.25. The company declares a dividend of 9%. Calculate: (i) the dividend that mihir will get (ii) the rate of interest on his investment, if he had paid rs.30 for each share.
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Step-by-step explanation:
Investment=F.v*n*r/100=25*560*9/100=Rupees 1260
M.v*Return%=F.v*r
Return%=25*9/30=7.5%
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