1.

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]

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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