what income will be obtained by investing rs 1008 in the purchase of rs 10 shares of rs 12 per share the company paying a dividend of 15%
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Answer:
Nominal Value of the share
= 40 \ Rs.
Market Value of the share
= 56 \ Rs.
Number of shares bought
=
\frac{14000}{56}
= 250
Dividend earned
= 250 \times 40 \times
\frac{8}{100}
= 800 \ Rs.
\\
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