Amar invest Rs. 25,000 in shares of per value Rs. 25 at 10% premium. The dividend is 20% per annum. Calculate the dividend received by him annually.

4, 545

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5,545

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5,454

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6,545

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Solution

The correct option is B 4, 545
Here, Per value = $R s 25$ , Premium = $10 %$
Let the no. of shares be $x$
Thus, the market value of one share = $R s . 25 + 10 % o f R s .25$ = $25 (1 + \frac{1}{100})$
= $25 \times \frac{11}{10}$ = $R s . 27.5$
As per the question, $27.5 x = 25000$
$x = 909$
Since, dividend per share = $20 % o f R s .25$ = $\frac{20}{100} \times 25$ = $5$
Hence, dividend on 909 shares = $5 \times 909 = R s .4, 545$

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