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

47260

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47268

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47264

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Solution

The correct option is C $47268$
Par value $= M V (\frac{100}{1 + P r e m i u m p e r c e n t})$
$= 20 (\frac{100}{1 + 10}) = 181.8$
$D i v / s h a r e = \frac{181.8 \times 13}{100} = 23.68$
Total Dividend $= 23.68 \times 2000 = 47268$

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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

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

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

The correct option is C $47268$
Par value $= M V (\frac{100}{1 + P r e m i u m p e r c e n t})$
$= 20 (\frac{100}{1 + 10}) = 181.8$
$D i v / s h a r e = \frac{181.8 \times 13}{100} = 23.68$
Total Dividend $= 23.68 \times 2000 = 47268$