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Salman invests a sum of money in Rs 50 shares, paying 15% dividend quoted at 20% premium. If his annual dividend is Rs 600, calculate: (i) The number of shares he bought (ii) His total investment (iii) The rate of return on his investment. [3 MARKS] |
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Answer» Salman invests a sum of money in Rs 50 shares, paying 15% dividend quoted at 20% premium. If his annual dividend is Rs 600, calculate: (i) The number of shares he bought (ii) His total investment (iii) The rate of return on his investment. [3 MARKS] |
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