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A company with 4000 shares of nominal value of Rs. 110 each declares an annual dividend of 15%. Calculate:

(i) The total amount of dividend paid by the company. 

(ii) The annual income of Shah Rukh who holds 88 shares in the company. 

(iii) If he received only 10% on his investment, find the price Shah Rukh paid for each share.

1 Answer

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Best answer

Given : no. of shares = 4000, NV = Rs 110, dividend = 15 %

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