Mathematics
Find the annual income from 450, ₹ 25 shares, paying 12% dividend.
Shares & Dividends
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Answer
Given,
Number of shares = 450
Face Value of 1 share = ₹ 25
Rate of dividend = 12%
By formula,
Annual income = No. of shares × Rate of div. × N.V. of 1 share
=
= 450 × 3
= ₹ 1,350.
Hence, the annual income from the shares equal to ₹ 1,350.
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