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ofJE)450000A company having a capital stock of 45declares a dividend of 4% semi-annually.(1) What is the annual income of a stockholdeowning 135 shares at par-value of 10?ii) What is the total amount of dividend paidannually by the company? |
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Answer» Total capital of stock = 450000 Rs. dividend = 4%(1) Number of share = 135Value of each share = 10 Rs.value of 135 shares = 135 x 10 = 1350 Rs. dividend he earn = 4% of 1350 = (4 x 1350) / 100 = 54 Rs.. total capital stock = 450000 number is share = 135 value each share = Rs. 10; 135 shares =135 ×10=1350 rs. divided 4°/• of 1350= 4 x1350/100=Rs. 54 |
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