Suresh invest rupees 26,4000 on 12% Rs 25 shares of a company . if he recieves a dividend of Rs 2475. find the no. of shares bought and Market value of each share
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Total dividend = ₹2475
Dividend on each Share = 12% of ₹25 = 12/100 × ₹25 = ₹3
Number of Shares bought = Total Dividend/Dividend on 1 share
= 2475/3 = 825
Market Value of each Share = Total Investment / Number of Shares bought
= 26400/825
=₹32
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