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a man purchase 600 shares of face value rupee 40 at par if a dividend of 1680 was received at end of year find the rate of dividend |
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Answer» 600 X 4 = 2400 is the value of shares dividend was 1680 Rate = {(2400 - 1680) / 2400} * 100 = 720/2400 * 100 = 72000/2400 = 30% |
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