The face value of a share is rs 100. Aakash purchased 25 shares when its market value was rs 70 in the year the company declared 20% dividend find rate of return Aakash got in his investment
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Answer: akash got 28.57% rate of return
Step-by-step explanation:
Sum invested = no.of shares(MV) =25(70) =rs1750 total dividend= 20(25) = rs 500 rate of return = total dividend / sum invested (100) =28.57%
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