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Question
Calculate the percentage income in the following investment:
Rs 12,375 in a Rs 75 share paying 4% and available at a discount of Rs 20.
Solution
Investment= Rs 12,375
Nominal value of each share = Rs 7 5
Market value = Rs (7 5 - Rs 20) = Rs 55
No. of shares purchased = `12375/55 = 225`
Face value of 225 shares = Rs 75 x 225 = Rs 16,87 5
Dividend = 4 %
Therefore, Annual Income = `(4 xx 16875)/100` = Rs 675
Hence, percentage income = `(675 xx 100)/12375 = 5.45 %`
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