NumericalModerate1.5 marks
9(ii)
Mr. Gupta invested ₹33000 in buying ₹100 shares of a company at 10% premium. The dividend declared by the company is 12%. Find:
his annual dividend.
Topic: Shares, dividend and return
Previous-year question practice database
Answer
Exam answer
₹3,600
Explanation
Dividend per share=12% of ₹100=₹12. Annual dividend=300×12=₹3,600.
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