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Salman invests a sum of money in Rs.50 shares, paying 15% dividend quoted at 20% premium.

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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.

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1 Answer

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Dividend % x (No. of shares x Face value) = Dividend

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