Mathematics
A man invests ₹ 11,000 in ₹ 100 shares paying 10% dividend. If his annual income from these shares is ₹ 1,000, then the market value of each share is :
₹ 100
₹ 120
₹ 110
₹ 220
Shares & Dividends
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Answer
By formula,
Total dividend earned = No. of shares × rate of dividend × N.V. of share
1000 =
1000 =
M.V. of share = = ₹ 110.
Hence, Option 3 is the correct option.
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