Shares worth Rs.300 each were bought at a discount of Rs.60. The dividend paid was `6%` per annum. Find the rate return.A. `5%` per annumB. `6%` per annumC. `7.5%` per annumD. `8%` per annum

Shares worth Rs.300 each were bought at a discount of Rs.60. The divid

1.	Shares worth Rs.300 each were bought at a discount of Rs.60. The dividend paid was `6%` per annum. Find the rate return.A. `5%` per annumB. `6%` per annumC. `7.5%` per annumD. `8%` per annum
Answer» Correct Answer - C Face value of each share = Rs.300 Discound/share = Rs.60 `"Market value of each share (in Rs.)"=300-60=240` `"Dividend rate"=6%" per annum"` `"Dividend/share"=6%" of (Rs.300) = Rs.18"` Let the rate return be `r%` `r=(18)/(240)(100)=7.5%`.

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Shares worth Rs.300 each were bought at a discount of Rs.60. The dividend paid was `6%` per annum. Find the rate return.A. `5%` per annumB. `6%` per annumC. `7.5%` per annumD. `8%` per annum

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