Rajeev invests 8736 in a company paying 12% dividend when a share of nominal value of Rs 100 sells at a premium of Rs 12. Find the number of shares bought and annual income. PLZ GIVE RIGHT ANSWER… About the author Daisy
Given : Rajeev invests 8736 in a company paying 12% dividend when a share of nominal value of Rs 100 sells at a premium of Rs 12. To Find : the number of shares bought and annual income. Solution: Amount invested = 8736 Rs nominal value of Rs 100 sells at a premium of Rs 12 Hence Market value = 100 + 12 = 112 Rs number of shares bought = 8736/112 = 78 12% dividend => Income per share = (12/100) 100 = Rs 12 annual income. = number of shares * income per share = 78 * 12 = 936 Rs the number of shares bought = 78 annual income. = Rs 936 Learn More: what is the rate of dividend, if dividend of 24 rupees is received on 3 … brainly.in/question/15618298 What is the amount of dividend received per share of face value … brainly.in/question/4333521 Amit bol 24 shares of fv 100 by investing 3000 8% dividend was … brainly.in/question/13225429 Reply
Given : Rajeev invests 8736 in a company paying 12% dividend when a share of nominal value of Rs 100 sells at a premium of Rs 12.
To Find : the number of shares bought and annual income.
Solution:
Amount invested = 8736 Rs
nominal value of Rs 100 sells at a premium of Rs 12
Hence Market value = 100 + 12 = 112 Rs
number of shares bought = 8736/112 = 78
12% dividend
=> Income per share = (12/100) 100 = Rs 12
annual income. = number of shares * income per share
= 78 * 12
= 936 Rs
the number of shares bought = 78
annual income. = Rs 936
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