A man invests Rs 8000 in a company paying 8 dividend when a share of face value of Rs 100 is selling...

Question

A man invests Rs 8000 in a company paying 8 dividend when a share of face value of Rs 100 is selling at Rs 60 premium i What is his annual income ii What percent does he get on his money

Accepted Answer

Given Investment Rs 8000 Face value of each share Rs 100 Market value Rs 100 Rs 60 Rs 160 Rate of dividend 8 pa i Annual income 8 x 8000160 Rs 400 ii Rate of interest on his money 400 x 100 8000 5

ML Aggarwal Solutions Class 10 Mathematics Solutions for Shares and Dividends Exercise 3 in Chapter 3 - Shares and Dividends