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Arun Invested Rs. 333000 In 5½ % Stocks At 110 .if Brokerage Is Rs.1, What Is His Annual Income From His Investment? |
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Answer» Investment = Rs.333000 Since face value is not GIVEN, we can take it as Rs.100 and dividend per SHARE = Rs.11/2 MARKET Value = 110 + 1 = 111 Number of shares purchased = 333000/111 = 3000 TOTAL income = 3000×11/2 = Rs.16500. Investment = Rs.333000 Since face value is not given, we can take it as Rs.100 and dividend per share = Rs.11/2 Market Value = 110 + 1 = 111 Number of shares purchased = 333000/111 = 3000 Total income = 3000×11/2 = Rs.16500. |
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