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Discussion :: Stocks and Shares

  1. A company decided to pay a semi-annual dividend of 9%. Find the annual income of Ram owing 2500 shares of the company with a par value of Rs. 15 each.

    2. A.
    Rs. 6550
    B.
    Rs. 6750
    C.
    Rs. 6650
    D.
    Rs. 6450

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    Answer : Option B

    Explanation :

    The face value is given Rs. 15
    Semi-annual dividend = 15*= Rs. 1.35
    Ram has 2500 shares.
    So, the total semi-annual dividend = 2500 * 1.35 = Rs. 3375
    Annual dividend will be double, so it is = 2 * 3375 = Rs. 6750

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