Ram invested Rs. 14,400/- in Rs. 100 face value shares of a company at 20% premium. If the company declares 5% dividend at the end of the year, then how much does he get?
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Number of shares = (
14400
120
)=120.
Face value = Rs.(100 x 120) = Rs.12000.
Annual income = Rs (5/100*12000) = Rs. 600
JosephPaulgregory:
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