Question

A dividend of 10% was declared on Rs 50 shares selling at a certain price. If the rate of return is 8%, calculate:

i) the market value of each share.

ii) the amount to be invested to obtain an income of Rs 750

• A. Rs 62.5, Rs 9375
• B. Rs 62, Rs 9305
• C. Rs 65, Rs 9375
• D. Rs 62.5, Rs 9305

Answer 1

The correct option is A

Rs 62.5, Rs 9375