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Question
Ashok invested Rs. 26,400 on 12%, Rs. 25 shares of a company. If he receives a dividend of Rs. 2,475. Find the :
1) number of shares he bought
2) The market value of each share
Solution
1) Total dividend = Rs.2,475
Dividend on each share 12% of Rs 25 =
∴ Number of shares bought =
2) Market value of each share =
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