Question

Calculate the annual income of the following:

120 shares of Rs 50 each available at Rs 62 and paying 13% dividend.

Answer 1

No. of shares = 120 

Price of each share = Rs 50 

Face value of 120 shares = Rs(50 x 120) =Rs 6,000 

Dividend = 13 %

Therefore, Annual Income = Rs `(13 xx 6000)/100` = Rs 780