A lady holds 1800 Rs 100 shares of a company that pays 15 dividend annually Calculate her annual div...

Question

A lady holds 1800 Rs 100 shares of a company that pays 15 dividend annually Calculate her annual dividend If she had bought these shares at 40 premium what percentage return does she get on her investment Give your answer to the nearest integer

Accepted Answer

Given total number of shares 1800 Nominal value of each share Rs 100 And rate o dividend 15 Total face value of 1800 shares 100 1800 Rs 180000 Therefore total dividend 180000 15100 Rs 2700 Therefore market value of each share 100 40 Rs 140 Now the total investment 140 1800 Rs 252000 Therefore percentage on his return 27000 100 252000 107 In integers 11

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