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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%

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B

Rs 2400, r% = 12.5%

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C

Rs 2500, r% = 10%

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D

Rs 2500, r% = 12.5%

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