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A man buys shares at the par value of rupees 10 yeilding 8% dividend at the end of a year. Find the number of shares bought if he receives a dividend of rupees 300 |
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Answer» of FACE VALUE of shares purchasedso,face value of shares PURCHASED =300/8%=3750Face value of one SHARE =10so,no.of shares purchased=3750/10=375 shares |
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