Mr. X bought shares of a company when it's market rate was ₹250, the face value per share being ₹10. If his rate of return is 1.6%, find the dividend declare by the company
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Given : Mr. X bought shares of a company when it's market rate was ₹250, the face value per share being ₹10.
rate of return is 1.6%,
To Find : the dividend declare by the company
Solution:
Let say number of shares = N
Investment = 250N Rs
Rate of return = 1.6 %
= (1.6/100) 250N
= 4N
Face Value = 10N
Dividend = 4N
Dividend % = (4N/10N) * 100 = 40 %
the dividend declare by the company is 40 %
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