Mathematics
How much should a man invest in ₹ 100 shares selling at ₹ 110 to obtain an annual income of ₹ 1,680, if the dividend declared is 12% ?
Shares & Dividends
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Answer
Let man invest ₹ x
∴ No. of shares =
We know that,
Annual income = No. of shares × Rate of div. × N.V. of 1 share
Hence, investment = ₹ 15,400.
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