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Ajay owns 560 shares of a company. The face value of each share is Rs 25 and the company declares a dividend of 9%. Calculate: (i) the dividend Ajay would receive. (ii) the rate of interest on his investment considering that Ajay bought these shares at Rs 30 per share in the market. [4 MARKS] |
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Answer» Ajay owns 560 shares of a company. The face value of each share is Rs 25 and the company declares a dividend of 9%. Calculate: (i) the dividend Ajay would receive. (ii) the rate of interest on his investment considering that Ajay bought these shares at Rs 30 per share in the market. [4 MARKS] |
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