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Question

By investing Rs 7,500 in a company paying 10 per cent dividend, an annual income of Rs 500 is received. What price is paid for each of Rs 100 share?


Solution

Total investment = Rs. 7500
rate of dividend = 10%
annual income = Rs. 500
nominal value = Rs. 100

therefore, 
no. of shares = 500×10010×1100
= 50 shares

market value = 750050
= Rs. 150


Mathematics
Concise Mathematics
Standard X

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