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    				| 1. | How much should a man invest in 50 shares selling at 60 to obtain an income of 450, if the rate of dividend declared is 10%. Also, find his yield percent, to the nearest whole number. | 
| Answer» Market value of a share = Rs 60 Face value of a share = Rs 50 Rate of dividend = 10% Total income = Rs 450 If income is 5, then investment = Rs 60 If income is 1, then investment = 60/5 = Rs 12 If income is 450, then investment = Rs 12 × 450 = Rs 5400 Thus, total investment is Rs 5480 ∴ Yield percent = (450/5400) × 100 = 8.33 = 8 (to the nearest whole number) | |