Question

Find the annual income derived from 250, Rs. 60 shares paying 5% dividend.

Answer 1

Nominal value of 1 share = Rs. 60
Nominal value 250 shares = Rs. 60 × 250 = Rs. 15,000

Dividend = 5% of Rs. `15000 = 5 / 100 xx 15,000 = Rs . 750`