7. A company declares a dividend of 11.2% tov all its share-holders. I

1.	7. A company declares a dividend of 11.2% tov all its share-holders. If its * 60 share isavailable in the market at a premium of 25%,how much should Rakesh invest, in buying theshares of this company, in order to have anannual income of * 1,680 ?
Answer» Step-by-step explanation: Nominal value of 1 SHARE =Rs. 60 Market value of 1 share =Rs. 60+25% of Rs. 60=Rs. 60+Rs. 15=Rs. 75 Let no. of SHARES purchased =n Then nominal value of n shares =Rs. (60n) DIVIDEND(%)=11.2% Dividend =Rs. 1680 ∴11.2% of 60n=Rs.1680 ⇒ 100 11.2 ×60n=1680 ⇒n

7. A company declares a dividend of 11.2% tov all its share-holders. If its * 60 share isavailable in the market at a premium of 25%,how much should Rakesh invest, in buying theshares of this company, in order to have anannual income of * 1,680 ?

Answer»

Step-by-step explanation:

Nominal value of 1 SHARE =Rs. 60

Market value of 1 share =Rs. 60+25% of Rs. 60=Rs. 60+Rs. 15=Rs. 75

Let no. of SHARES purchased =n

Then nominal value of n shares =Rs. (60n)

DIVIDEND(%)=11.2%

Dividend =Rs. 1680

∴11.2% of 60n=Rs.1680

⇒

100

11.2

×60n=1680

⇒n

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7. A company declares a dividend of 11.2% tov all its share-holders. If its * 60 share isavailable in the market at a premium of 25%,how much should Rakesh invest, in buying theshares of this company, in order to have anannual income of * 1,680 ?​

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7. A company declares a dividend of 11.2% tov all its share-holders. If its * 60 share isavailable in the market at a premium of 25%,how much should Rakesh invest, in buying theshares of this company, in order to have anannual income of * 1,680 ?