an important question from the book -ML aggarwal( avichal publication)class 10th , chapter3, shares and dividends.
we have been given that A company with 10000 shares of Rs. 100 each, declares an annual dividend of 5%.
now we are to find (i) What is the total amount of dividend paid by the company ?
(ii) What would be the annual income of a man, who has 72 shares, in the company ?
(iii) If he received only 4% on his investment, find the price he paid for each share.
please solve all parts separately in extensive manner. as question is very important as can be asked in exams.
Q no. 32, exercise 3, ML Publication, share and dividends