ML aggarwal( avichal publication)class 10th , chapter3, shares and dividends ……..
this has been asked in 2008 exam so this is very important question
we have that:-
A company with 4000 shares of nominal value of Rs. 110 declares annual dividend of 15%.
now we have to Calculate : (i) the total amount of dividend paid by the company,
(ii) the annual income of Shah Rukh who holds 88 shares in the company,
(iii) if he received only 10% on his investment, we have to find the price Shah Rukh paid for each share.
please solve all the three parts of this question separately.
Q no. 17, exercise 3, ML Publication, share and dividends
(i) Total dividend = r/100*N.V*no. of shares
(ii) Annual Income = r/100 * N.V * No. of shares
= 15/100 * 110 * 88
(iii) Return Percent = 10%
Rate of dividend/100* N.V = Rate of Return/100 * M.V
15/100 * 110 = 10/100 * x
x = Rs.165