Mathematics
100 shares at par value of ₹ 120 each, give 10% half-yearly dividend. The annual dividend from these shares is :
₹ 7200
₹ 2400
₹ 1200
₹ 10800
Shares & Dividends
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Answer
Given,
Dividend % = 10% half-yearly or 20% yearly.
N.V. = ₹ 120
No. of shares = 100
By formula,
Dividend = No. of shares × Rate of dividend × N.V. of share
Substituting values we get :
Hence, Option 2 is the correct option.
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