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ML Aggarwal Solutions Class 10 Mathematics Solutions for Shares and Dividends Exercise 3 in Chapter 3 - Shares and Dividends
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A man buys 400 ten-rupee shares at a premium of Rs. 2.50 on each share. If the rate of dividend is 8%, Find,
(i) his investment
(ii) dividend received
(iii) yield.
Answer:
Given No. of shares = 400
Face value of each share = Rs. 10
Market value of each share
= Rs. 10 + Rs. 2.50
= Rs. 12.50
Rate of dividend = 8%
Therefore, face value of 400 shares = 10 x 400 = Rs 4000
(i) Total investment = 12.50 x 400 = Rs 5000
(ii) Total dividend = 4000 x (8/100) = Rs 320
(iii) Yield percent = (320 x 100)/ 5000 = 32/5 = 6.4%
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