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Rishi bought Rs. 50 shares of a company for Rs. 75 each. The company pays a dividend of 12% per annum. The effective rate of return on his investments is _________.A. 0.06B. 0.08C. 0.09D. 0.1 |
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Answer» Correct Answer - B (i) Same as Question No. 6 Use the following formula to find the rate of return. `FVxx` Rate of dividend `=MVxx` Rate of return. |
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