Mathematics
Amit owns 1500, ₹ 25 shares of a company which declares a dividend of 14%. He sells the shares at ₹ 40 each and invests the proceeds in 8%, ₹ 100 shares at ₹ 80. What is the change in his annual dividend income ?
Related Questions
Which is the better investment:
(12%, ₹ 20 shares at ₹ 16) or (15%, ₹ 20 shares at ₹ 24)?
Ashish bought 4,500, ₹ 10 shares paying 12% per annum. He sold them when the price rose to ₹ 23 and invested proceeds in ₹ 25 shares paying 10% per annum at ₹ 18. Find the change in his annual income.
Vimal sold a certain number of ₹ 20 shares paying 8% dividend at ₹ 18 and invested the proceeds in ₹ 10 shares paying 12% dividend at 50% premium (i.e. ₹ 15). If his annual income decreases by ₹ 120, find the number of shares sold by Vimal.
A company declares 8% dividend on ₹ 100 shares. Atul buys such shares and gets 10% return on his investment. At what price does he buy each share?