MCQEasy1 mark
1
Choose the correct answers to the questions from the given options. (Do not copy the questions, write the correct answers only.)
Asha buys ₹ 20 shares of a company which pays 9% dividend at such a price that she gets a return of 12% on her investment. At what price did she buy each share?
Topic: Shares, dividend and return
Previous-year question practice database
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Answer
Exam answer
(b) ₹15
Explanation
Dividend/share=9% of ₹20=₹1.80. Return12%=1.80/market price×100 ⇒ market price=₹15.
In words
₹15
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