1.

Ajay owns 560 shares of a company. The face value of each share is Rs 25. The company declares a dividend of 9%. Calculate the : (i) The dividend that Ajay will get (ii) Rate of interest on his investment if Ajay had paid Rs 30 for each share. [3 MARKS]

Answer» Ajay owns 560 shares of a company. The face value of each share is Rs 25. The company declares a dividend of 9%. Calculate the :
(i) The dividend that Ajay will get
(ii) Rate of interest on his investment if Ajay had paid Rs 30 for each share.
[3 MARKS]


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