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Ml aggarwal solutions

CHAPTERS

A man buys shares at the par value of Rs yielding 8% dividend at the end of a year. Find the number of shares bought if he receives a dividend of Rs 300.

Given face value of each share = Rs 10

Rate of dividend = 8% per annum

Total dividend = Rs 300

Therefore total face value of shares = (300 × 100)/ 8

= Rs 3750

Number of shares = 3750/10 = 375

Given face value of each share = Rs 10

Rate of dividend = 8% per annum

Total dividend = Rs 300

Therefore total face value of shares = (300 × 100)/ 8

= Rs 3750

Number of shares = 3750/10 = 375

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