Mathematics
Arun possesses 600 shares of ₹25 of a company. If the company announces a dividend of 8%, then Arun's annual income is
- ₹48
- ₹480
- ₹600
- ₹1200
Shares & Dividends
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Answer
No. of shares = 600
Nominal Value per share = ₹25
Rate of Dividend = 8%
Annual Dividend = No. of shares x Rate of Dividend x Nominal Value per share
∴ Option 4 is the correct option.
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