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Question
Mamta invested Rs. 10,846 in buying the shares of a company at Rs. 17 each. If the face value of each share be? 10 and company paid 15% dividend at the end of the year, find the dividend earned by her.
Solution
Market value of 1 share = ₹ 17
Total invested money = ₹ 10,846
Number of shares bought = `(10,846)/(17)`
= 638
Face value of 638 shares
= 638 x ₹ 10
= ₹ 6,380
Dividend received by Mamta = ₹`(6,380 xx (15)/(100))`
= ₹ 957.
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