SohaM purchase 200 shares of certain company of fv100 at par .the company declared 30 % dividend on shares .find dividend received by soham
Answers
If Soham has 200 shares with face value of Rs. 100 and the dividend on shares is 30% then the dividend received by Soham is Rs. 6000.
Step-by-step explanation:
No. of shares Soham purchased = 200
The face value of each share = Rs. 100
∴ The value of 200 shares = 200 * Rs. 100 = Rs. 20000
The rate of dividend on shares declared by the company = 30%
Thus,
The total dividend received by Soham is,
= 30% of Rs. 20000
= [30/100] * 20000
= Rs. 6000
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