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Question
Calculate the annual income of the following:
180 shares of Rs 50 each paying 12% dividend.
Solution
No. Of shares = 180
Price of each share = Rs 50 Therefore, Total investment
=Rs ( 50 x 180) = Rs 9,000
Dividend = 12 %
Hence Annual Income = Rs `(12 xx 9000)/100` = Rs 1080
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