Salam invest a sum of money in rupees 50 shares paying 15% dividend quoted at 20% premium. If his annual dividend is rupees 600, calculate his total investment
Answers
Answered by
14
ANSWER
Nominal value of 1 share = Rs. 50
Dividend on 1 share =
15/100 ×50= Rs. 7.50
Total Dividend of Salman = Rs. 600
No. of shares Salman bought =
600/7.50
=80
Premium on 1 share =
20/100
×50= Rs. 10
Market value of 1 share =50+10= Rs. 60
Total investment for 80 shares =80×60= Rs. 4,800.
Rate of return =
600/4800
×100=12.5%.
mark as brainliest
Answered by
0
Answer:
Total investment for 80 shares =80×60= Rs. 4,800.
Rate of return =
600/4800
×100=12.5%.
hope it helps u
:)
Similar questions