Question 12 Marks
Find the annual income derived from 125, Rs.120 shares paying 5% dividend.
Answer
View full question & answer→Nominal value of 1 share $=$ Rs 120
$\Rightarrow$ nominal value of 125 shares $=125 x$ Rs $120=$ Rs 15000
Now, Dividend $=5 \%$ of Rs $15000=\frac{5}{100} \times 15000=$ Rs 750
$\Rightarrow$ nominal value of 125 shares $=125 x$ Rs $120=$ Rs 15000
Now, Dividend $=5 \%$ of Rs $15000=\frac{5}{100} \times 15000=$ Rs 750