The correct option is D 1.4 MV=PV(1+premium percent100) PV=10 Dividend/share=PV× dividend ...

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Question

Premium % is $12$ . Dividend % is $14$ %, MV is $11.2$ . Calculate dividend/share when $3000$ shares are purchased.

1.4

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1.5

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1.6

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1.3

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Solution

The correct option is D $1.4$
$M V = P V (1 + \frac{p r e m i u m p e r c e n t}{100})$
$P V = 10$
$D i v i d e n d / s h a r e = P V \times d i v i d e n d$ %
$= 10 \times \frac{14}{100} = 1.4$

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