1.

A man invests Rs 7,770 in a company paying 5 percent dividend when a share of nominal value of Rs 100 sells at a premium of Rs 5. Find : (i) the number of shares bought; (ii) annual income ; (iii) percentage income

Answer»

A man invests Rs 7,770 in a company paying 5 percent dividend when a share of nominal value of Rs 100 sells at a premium of Rs 5. Find :

(i) the number of shares bought;

(ii) annual income ;

(iii) percentage income



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