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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 annum
B. `6%` per annum
C. `7.5%` per annum
D. `8%` per annum

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Best 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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