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Question
Calculate the annual income of the following:
424 shares of Rs 125 each paying 8% dividend.
Solution
No. Of shares = 424
Price of each share = Rs 125
Therefore, Total investment= Rs ( 125 x 424) = Rs 53,000
Dividend = 8 %
Hence Annual Income = Rs `(8 xx 53000)/100`= Rs 4240
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