Question

Ramesh has shares of par value Rs. each. The company declares an annual dividend of 8% . Find the dividend received by Ramesh.​

Answer 1

Answer:

number of shares Ramesh bought=90

Nominal value of each share=Rs.100

Rate of dividend=8%

∴The dividend received by the Ramesh=8%of100×90

⇒

100

8

×100×90=Rs.720

%return=

investment

Income

×100

Income=No. of share×rate of dividend×Nominal value

⇒Income=90×

100

8

×100=Rs.720

Investment=No.of share×market value of 1 share

⇒Investment=90×150=Rs.13500

∴%Return=

13500

720

×100=5

3

1

%