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Question
Calculate the annual income of the following:
60 shares of Rs 100 each available at Rs 75 and paying 5% dividend.
Solution
No. of shares = 60
Price of each share = Rs 100
Face value of 60 shares= Rs(100 x 60) = Rs 6,000
Dividend = 5 %
Therefore, Annual Income = Rs `(5 xx 6000)/100` = Rs 300
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