Mr Raman invest 15840 in buying share of face value 24 selling at a premium of 10 percent the company pay 15 percent dividend annually find the dividend he received annually
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Answer:
sum invested = 15840.
face value = 24
market value = 24+10×24/100
=24+2.4
=26.4
d%=15
d%=dividend /sum invested ×100%
15 =dividend/15840×100
15×1584/10=dividend
2376 = dividend
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