NumericalEasy1 mark
6(i)
Kabir bought 120 shares of a company with nominal value ₹100, available at a premium of ₹25. Find :
his rate of return.
Topic: Shares, dividend and return
Previous-year question practice database
Answer
Exam answer
Rate of return = 7.2%.
Explanation
Return%=1080/15000×100=7.2%.
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