A company declares dividends of 15% on Rs 100 shares which is quoted at Rs 140. If the company has Rs 12,600 Find:
i) What is the dividend?
ii) What is the rate of interest on the investment?
1350, 10.71%
1350, 25%
1200, 10.71%
1200, 25%
Shubendhu owns 560 shares of a company. The face value of each share is Rs. 25. The company declares a dividend of 9%. Calculate:
(i) The dividend that Shubendhu will get.
(ii) The rate of interest on his investment if Shubendhu had paid Rs. 30 for each share.