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Question

Arun owns 560 shares of a company. The face value of each shares is Rs. 25. The company declares a dividend of 9%. Calculate the dividend Arun would received.

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Solution

Arjun owns shares =560

Face value of 1 share =25

Dividend declared =9%

Dividend on 1 share =9100×25=94Rs.2.25

Dividend on 560 shares =Rs94×560=Rs1260.

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