Discussion :: Stocks and Shares
- Naresh invested Rs. 5940 in Rs. 20 shares quoted at Rs. 18. If the rate of dividend is 15%, find his annual income.
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Answer : Option A
Explanation :
Market value of the share: Rs. 18
Investment = Rs. 5940
Number of shares = 5940 /18 = 330
Face value of the share = Rs. 20
Dividend = 15%
Dividend per share = 20 * 
= Rs. 3
His annual income = number of shares * dividend per share
= 330 * 3 = Rs. 990
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