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Mr. Arun Pandit invests Rs 12000 in a company paying dividend of 8% per annum when a share of face value Rs 100 stands at Rs 150. i) What is his annual income? ii) He sells 50% of his shares when the price rises to Rs 180. What is his gain on his transaction? |
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Answer» Mr. Arun Pandit invests Rs 12000 in a company paying dividend of 8% per annum when a share of face value Rs 100 stands at Rs 150. i) What is his annual income? ii) He sells 50% of his shares when the price rises to Rs 180. What is his gain on his transaction? |
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