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Salman invests a sum of money in Rs 50 shares, paying 15% dividend quoted at 20% permium. If his annual dividend is Rs 600, calculate : (i) the number of shares he bought. (ii) his total investment (iii) the rate of return on his investment. |
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Answer» Salman invests a sum of money in Rs 50 shares, paying 15% dividend quoted at 20% permium. If his annual dividend is Rs 600, calculate : (i) the number of shares he bought. (ii) his total investment (iii) the rate of return on his investment. |
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