Question

Calculate the annual income of the following:

60 shares of Rs 100 each available at Rs 75 and paying 5% dividend.

Answer 1

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