A man invested Rs. 14400 in Rs. 100 shares of a company at 20% premium. If the company declares 5% dividend at the end of the year, then how much does he get ?
A. Rs. 500
B. Rs. 600
C. Rs. 650
D. Rs. 720
Answer: Option B
Solution(By Examveda Team)
Number of shares= $$\left( {\frac{{14400}}{{120}}} \right)$$
= 120
Face value
= Rs. (100 × 120)
= Rs. 12000
Annual income
= Rs. $$\left( {\frac{5}{{100}} \times 12000} \right)$$
= Rs. 600
This Question Belongs to Arithmetic Ability >> Stocks And Shares
Related Questions on Stocks and Shares
In order to obtain an income of Rs. 650 from 10% stock at Rs. 96, one must make an investment of:
A. Rs. 3100
B. Rs. 6240
C. Rs. 6500
D. Rs. 9600
A. $$12\frac{1}{2}$$ %
B. $$13\frac{1}{2}$$ %
C. 15%
D. $$16\frac{2}{3}$$ %
Which is better investment: 11% stock at 143 or $$9\frac{3}{4}$$% stock at 117?
A. 11% stock at 143
B. $$9\frac{3}{4}$$% stock at 117
C. Both are equally good
D. Cannot be compared, as the total amount of investment is not given.
A. Rs. 12
B. Rs. 15
C. Rs. 18
D. Rs. 21
Join The Discussion