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160 Shares of face value Rs.100 were purchased when the market value was Rs 120 . Company had declared 20% dividend. Find the rate of return on the investment (1) 16.67% (2) 15.67% (3) 14.67% (4) 13.67% |
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Answer» (1) 16.67% Dividend = 20% of 100 x 160 = 20 x 160 = 3200 Return % = 3200 / 19200 x 100 = 16.67% |
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