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Arithmetic Ability
Stocks and Shares
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Q.
A man invested Rs. 14,400 in Rs. 100 shares of a company at 20% premium. If his company declares 5% dividend at the end of the year, then how much does he get?
A.
Rs.500
B.
Rs.600
C.
Rs.650
D.
Rs.720
View Answer
Correct choice: B
Explanation:
Number of shares = (14400/120)=120. Face value = Rs.(100 x 120) = Rs.12000. Annual income = Rs (5/100*12000) = Rs. 600
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