Mathematics
Akshay buys 350 shares of ₹ 50 par value of a company. The dividend declared by the company is 14%. If his return percent from the shares is 10%, find the market value of each share.
₹ 55
₹ 60
₹ 65
₹ 70
Shares & Dividends
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Answer
Given,
Rate of dividend = 14%
Dividend on ₹ 50 = = ₹ 7.
Given,
Return percent from the shares is 10%.
∴ Interest on ₹ 100 = = ₹ 10.
∴ ₹ 7 will be interest on = ₹ 70.
Hence, Option 4 is the correct option.
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Related Questions
₹ 40 shares of a company are selling at 25% premium. If Mr. Wasim wants to buy 280 shares of the company, then the investment required by him is :
₹ 14,000
₹ 16,800
₹ 8,400
₹ 10,000
Percentage return on ₹100, 12% share of a company bought at 4% discount is:
10%
12%
12.5%
16%
Mr. Das invests in ₹ 100, 12% shares of Company A available at ₹ 60 each. Mr. Singh invests in ₹ 50, 16% shares of Company B available at ₹ 40 each. Use this information to state which of the following statements is true.
The rate of return for Mr. Das is 12%
The rate of return for Mr. Singh is 10%
Both Mr. Das and Mr. Singh have the same rate of return of 10%
Both Mr. Das and Mr. Singh have the same rate of return of 20%
Assertion (A): Market value of a share always remains the same.
Reason (R): The value of a share printed on the share certificate is called its market value.
Both A and R are true, and R is the correct explanation of A.
Both A and R are true, but R is not the correct explanation of A.
A is true, but R is false.
A is false, but R is true.