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Question

Manikanta bought 100 shares whose nominal value is ₹ 20 and the market value is ₹ 10. He gets a dividend of 8% on it , then his annual income is

A
₹ 160
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B
₹ 100
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C
₹ 80
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Solution

The correct option is A ₹ 160

Annual income =(Number of shares) × (Nominal Value of shares) × (Rate of dividend)
Given, no.of shares = 100
Rate of dividend = 8%
Nominal Value = ₹ 20

Annual income =100×20×(8100)
= ₹ 160


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