Mathematics
By investing ₹ 45,000 in 10% ₹ 100 shares, Sharad gets ₹ 3,000 as dividend. Find the market value of share.
Shares & Dividends
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Answer
Let market value of share be x.
∴ No. of share =
Annual dividend = No. of shares × Rate of div. × N.V. of 1 share
Hence, M.V. of share = ₹ 150.
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