Raju invested Rs.30000 to buy some 12% shares at a market price of rs. 150 each. find the face value of a share, if he received a total dividend of Rs. 1200
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Step-by-step explanation:
Investment 30,000
No of shares = 30,000/150
= 200 shares
Dividend = no of shares* face value * dividend %
1200= 200* facevalue* 12/100
1200*100/2400 = face value
50= face value
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