Advertisements
Advertisements
Question
A company declares 8 percent dividend to the share holders. If a man receives Rs. 2840 as his dividend, find the nominal value of his shares.
Solution
Rate of dividend = 8%
Amount of dividend = Rs.2840
∴ Nominal value of shares
= `(2840 xx 100)/(8)`
= Rs.35500.
APPEARS IN
RELATED QUESTIONS
A man invests Rs 8,800 in buying shares of a company of face value of rupees hundred each at a premium of 10%. If he earns Rs 1,200 at the end of the year as the dividend, find:
(1) the number of shares he has in the company.
(2) the dividend per cent per share.
Mr Gupta has a choice to invest in ten-rupee shares of two firms at Rs 13 or at Rs 16. If the first firm pays 5% dividend and the second firm pays 6% dividend per annum, find:
(1) which firm is paying better.
(2) if Mr Gupta invests equally in both the firms and the difference between the returns from them is Rs 30, find how much, in all, does he invest.
Divide Rs. 50,760 into two parts such that if one part is invested in 8% Rs. 100 shares at 8% discount and the other in 9% Rs. 100 shares at 8% premium, the annual incomes from both the investments are equal.
Calculate the investment required to buy:
250 shares of Rs 20 each at par.
Find the dividend received on 60 shares of Rs, 20 each if 9% dividend is declared.
A company pays a dividend of 15% on its ten-rupee shares from which it deducts tax at the rate of 22%. Find the annual income of a man, who owns one thousand shares of this company.
Ajay owns 560 shares of a company. The face value of each share is Rs. 25. The company declares a dividend of 9%. Calculate.
(i) the dividend that Ajay will get.
(ii) the rate of interest, on his investment if Ajay has paid Rs. 30 for each share.
A man invests Rs. 10400 in 6% shares at Rs. 104 and Rs. 11440 in 10.4% shares at Rs. 143. How much income would he get in all?
A man bought 360 ten-rupee shares paying 12% per annum. He sold them when the price rose to Rs. 21 and invested the proceeds in five-rupee shares paying `4(1)/(2)` % per annum at Rs. 3.5 per share. Find the annual change in his income.
The sum invested to purchase 15 shares of a company of nominal value ₹ 75 available at a discount of 20% is ______.
