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Question
Akshay buys 350 shares of ₹50 par value of a company. The dividend declared by the company is 14%. If his return percent from the shares is 10%, find the market value of each share.
Options
₹55
₹60
₹65
₹70
MCQ
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Solution
₹70
Explanation:
Dividend per share = 14% of ₹50 = ₹7.
At a 10% return, market value = (₹7 ÷ 10) × 100 = ₹70; the other options give a different return.
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