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                                    A company, with 10,000 shares of Rs. 100 each, declares an annual dividend of 5%.(i) What is the total amount of dividend paid by the company?(ii) What should be the annual income of a man who has 72 shares in the company?(iii) If he received only 4% of his investment, find the price he paid for each share. | 
                            
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Answer»  Nominal value of 1 share = Rs. 100 Nominal value of 10,000 shares = 10,000 × Rs. 100 = Rs. 10,00,000 (i) Dividend% = 5% Dividend = 5% of Rs. 10,00,000 = (5/100) × Rs.10,00,000 = Rs. 50,000 (ii) Nominal value of 72 shares = Rs. 100 × 72 = Rs. 7,200 Dividend = 5% of Rs. 7,200 = (5/100) × Rs.7,200 = Rs. 360 (iii) Let market value of 1 share = Rs y Then market value of 10,000 shares = Rs. (10,000y) Return% = 4% 4% of Rs. (10,000y) = Rs. 50,000 ⟹ (4/100) ×10,000 = Rs.50,000 ⟹ y = Rs. 125.  | 
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