Question

Salman invest a sum of money in 50 shares, paying 15% dividend quoted
at 20% premium. If his annual dividend is 7600, Calculate:
The number of shares he bought.
His total investment
The rate of return on his investment.

Answer 1

Answer:

12.5 %  OR  25/2 %

Step-by-step explanation:

I think that you have made a mistake in writing the question. The annual dividend must be ₹600.

I am assuming the annual dividend to be ₹600.

⇒ Annual Dividend = Dividend% × No. of shares × Nominal Value

⇒                      600 = 15/100 × n × 50

⇒ ∴                        n = [600 × 100] ÷ [15 × 50]

                              n = 80 shares    ←ANSWER

⇒  Total Investment = No. of shares × Market Value

                                 = 80 × [50 + {(20/100)×50}]

                                 = 80 × [50 + 10]

                                 = 80 × 60

                                 = ₹4800    ←ANSWER

⇒     Rate of Return = [Annual Dividend÷Investment] × 100

                                 = [600 × 100] ÷ 4800

                                 = 25/2 %   OR   12.5 %      ←ANSWER

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Answer 2

Answer:

this is your answer

Step-by-step explanation:

hope it helps