Question

Ajay owns 560 shares of a company. The face value of each share is Rs. 25. The company declares a dividend of 9%. Calculate

• A. Rs.1260, 5.5%
• B. Rs.1260, 7.5%
• C. Rs.1280, 5.5%
• D. Rs.1280, 6.5%
• E. Rs.1280, 7.5%

Answer 1

The correct option is B

Rs.1260, 7.5%