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Question
Arun possesses 600 shares of ₹ 25 of a company. If the company announces a dividend of 8%, then Arun’s annual income is
Options
₹ 48
₹ 480
₹ 600
₹ 1200
Solution
Number of shares = 600
F.V. of each share = ₹ 25
Rate of dividend = 8%
Annual income = 600 x 25 x `(8)/(100)`
= ₹ 1200.
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