Ravi invested Rs.4444 in the shares of face value Rs.100. At the end of the year the company declared dividend date at 15% which gave Ravi and income of Rs.600. Find the market price of the share if the brokerage be 1%.
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Answer:
share =Rs. 100
Market value of 1 share =Rs. (100+
100
10
×100)
=Rs. (100+10)
=Rs. 110
Investment =Rs. 8,800
Annual dividend =Rs. 1200
(i) Total number of shares =
110
8800
=80 shares
(ii) Dividend percentage per share =
80×100
1200
×100
=15%.
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