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