Question

Bhavishya invests Rs 24000 in buying shares of nominal value of Rs 50 at 20% premium. The dividend on shares is 12% per annum. Calculate:

i) the dividend he receives annually.

ii) the rate of return on his investment

• A. Rs 2400, r% = 10%
• B. Rs 2400, r% = 12.5%
• C. Rs 2500, r% = 10%
• D. Rs 2500, r% = 12.5%

Answer 1

The correct option is A

Rs 2400, r% = 10%