Mathematics
A company declares 8 percent dividend to the share holders. If a man receives ₹ 2,840 as his dividend, find the nominal value of his shares.
Shares & Dividends
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Answer
Let nominal value of share be ₹ x
Given, dividend% = 8% and dividend = ₹ 2,840
Hence, nominal value of shares = ₹ 35,500.
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