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Question

John invested Rs. 1200 in Rs. 100 shares quoted at Rs. 50. If the rate of dividend be 8%, his annual income is

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Solution

Market value of a share = Rs. 50
Investment = Rs. 1200
Number of shares = 120050=24
Face value of a share = Rs. 100
Dividend =8%
Dividend per share = 100×8100=8
His annual income =24×8= Rs. 192

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