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Question

A dividend of 9% was declared on Rs 100 shares selling at a certain price. If the rate of return is 7 ½ %, calculate

i) The market value of the share.

ii) The amount to be invested to obtain an annual dividend of Rs 630.


A

Rs 120; Rs 8400

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B

Rs 125; Rs 8500

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C

Rs 122; Rs 8600

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D

Rs 124; Rs 8200

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