Question

Arun possesses 600 shares of ₹ 25 of a company. If the company announces a dividend of 8%, then Arun’s annual income is

Options

• ₹ 48

• ₹ 480

• ₹ 600

• ₹ 1200

Answer 1

Number of shares = 600
F.V. of each share = ₹ 25
Rate of dividend = 8%
Annual income = 600 x 25 x `(8)/(100)`
= ₹ 1200.