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Question

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?


A

1350, 10.71%

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B

1350, 25%

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C

1200, 10.71%

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D

1200, 25%

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