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Question
A man buys 250, ten-rupee shares each at ₹ 12.50. If the rate of dividend is 7%, find the:
- dividend he receives annually.
- percentage return on his investment.
Solution
- Annual Dividend = `250 xx 10 xx 7/100` = ₹ 175
- Return % = `(7 xx 10)/12.50` = 5.6 %
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