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Q.

Amit bought 24 shares of FV 100 by investing 3000,8% dividend was declared on shares. Find (1) the MV of the share (2) dividend received (3) the rate of return on investment.

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a

2.8%

b

5%

c

3.2%

d

6.4%

answer is D.

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Detailed Solution

Concept: Solved by using the concept of market value,fixed value,dividend rate and rate of return
Number of share=24
Investment=3000 rs
Rate of dividend=8%
FV(fixed value) of share=100rs
MV of share=investment no. of shares
                   =300024
                   =125
Annual dividend= no. of shares rate of dividendFV
                          =248100100
                          =192rs
Rate of return=incomeinvestment100
                      =1923000100
                      =6.4%
Hence, the correct option is 4) 6.4%

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