Question

Mr. X bought 400 shares of Tk. 25 each at Tk. 32.5. If the dividend declared is 4%, what is his income on the shares?​

Answer 1

Answer:

Step-by-step explanation:

His income will be counted on face value which is 25Tk.He bought the shares at 32.5 Tk but it keeps fluctuating in the the market in accordance with the changes in the interest rates.

So his total income : 400*25*4%=400*25*(1/25)=400 Tk