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Shares and Dividends | Shares and Dividends Exercise 3

Question 4

A company declares 8 percent dividend to the share holders. If a man receives a Rs.2840 as his dividend, find the nominal value of his shares.

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Given that rate of dividend = 8%

Also given that amount of dividend = Rs. 2840

Therefore nominal value of shares = (2840 × 100)/8

= Rs. 35500

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Our top 5% students will be awarded a special scholarship to Lido.

subject-cta

Question 4

A company declares 8 percent dividend to the share holders. If a man receives a Rs.2840 as his dividend, find the nominal value of his shares.

Looking to do well in your science exam ? Learn from an expert tutor. Book a free class!

Given that rate of dividend = 8%

Also given that amount of dividend = Rs. 2840

Therefore nominal value of shares = (2840 × 100)/8

= Rs. 35500

Our top 5% students will be awarded a special scholarship to Lido.

subject-cta
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