shri shanti has purchased 150 shares of FV = 100rs, MV=120rs,
company has paid divided of 7%, find the rate of Return and sun investment.
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Answer:
5.83 %
Step-by-step explanation:
Share purchased = 150
MV of share = 120
Amount invested = 150 * 120 = 18000
Dividend Announced = 7 %
dividend per share = (dividend % / 100) * Face Value
= (7/100) * 100
= 7
Dividend for 150 shares = 150 * 7 = 1050
Return on the investment = (1050/18000) * 100
= 5.83 %
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