Sum
Calculate the annual income of the following:
60 shares of Rs 100 each available at Rs 75 and paying 5% dividend.
Advertisement Remove all ads
Solution
No. of shares = 60
Price of each share = Rs 100
Face value of 60 shares= Rs(100 x 60) = Rs 6,000
Dividend = 5 %
Therefore, Annual Income = Rs `(5 xx 6000)/100` = Rs 300
Concept: Shares and Dividends
Is there an error in this question or solution?
Advertisement Remove all ads
APPEARS IN
Advertisement Remove all ads
Advertisement Remove all ads
