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Question

Sumeet purchased 2000 shares of company at M.V of Rs.20. He paid premium of 10% every share. The dividend paid is 13%.Find total dividend earn at the end of the year

A
47260
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B
47268
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C
47264
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D
None
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Solution

The correct option is C 47268
Par value =MV(1001+Premiumpercent)
=20(1001+10)=181.8
Div/share=181.8×13100=23.68
Total Dividend =23.68×2000=47268

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