1.

Bhavishya invests Rs 24000 in buying shares of nominal value of Rs 50 at 20% premium. The dividend on shares is 12% per annum. Calculate: i) the dividend he receives annually. ii) the rate of return on his investment

Answer»

Bhavishya invests Rs 24000 in buying shares of nominal value of Rs 50 at 20% premium. The dividend on shares is 12% per annum. Calculate:

i) the dividend he receives annually.

ii) the rate of return on his investment




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