A guy put Rs. 4455 into Rs. 10 shares that were trading at Rs. 8.25. If the dividend rate is 12%, his yearly income will be:
A. Rs. 207.40
B. Rs. 534.60
C. Rs. 648
D. Rs. 655.60
Answer:C
A guy put Rs. 4455 into Rs. 10 shares that were trading at Rs. 8.25. If the dividend rate is 12%, his yearly income will be:
A. Rs. 207.40 B. Rs. 534.60 C. Rs. 648 D. Rs. 655.60
Explanation: 540 = 4455/8.25 = 4455/8.25 = 4455/8.25= 4455/8.25= 4455/8.25=The face value is Rs. 5400 (540 x 10)=12/100 x 5400 = Rs. 648 in annual income.