Question

Par value of share is $Rs.12$. Premium is $12$%. Amit invested $24000$ in market. What is total annual dividend, when dividend % is $15$%?

• A. $3200$
• B. $3210$
• C. $3213$
• D. None

Answer 1

Answer: (C)

$3213$

$M.V=12(1+\frac{12}{100})=Rs.13.44$
No. of shares$=\frac{24000}{13.44}=1785$ approx.
Total dividend $=\frac{1785\times 12\times 15}{100}$
$=3213$