NumericalModerate1.5 marks
1(b)
A man invests ₹ 4500 in shares of a company which is paying 7.5% dividend. If ₹ 100 shares are available at a discount of 10%. Find:
His annual income.
Topic: Shares, dividend and return
Previous-year question practice database
Answer
Exam answer
Dividend per share = 7.5% of ₹100 = ₹7.50.
Number of shares = 50.
Annual income = 50 × 7.50 = ₹375.
Answer: ₹375.
Explanation
Dividend is calculated on the nominal value of the share.
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