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Face Value and Market Value

A company wit...

Question

A company with a share of nominal value of ₹ 150 declares an annual dividend of 15 % . Calculate the annual income of a man who holds 88 shares in the company ?

A

₹ 1950

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B

₹ 1980

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C

₹ 1985

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D

₹ 1900

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Solution

The correct option is B
₹ 1980

Given that N.V of each share = ₹ 150

Dividend on one share = 15 % of ₹ 150

= $\frac{15}{100}$ $\times$ 150

= ₹ 22.5

Annual income = Dividend on one share $\times$ number of shares

= ₹ 22.5 $\times$ 88

= ₹ 1980

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