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A man invested Rs. 14,400 in Rs. 100 shares of a company at 20% premium. If his company declares 5% dividend at the end of the year, then how much does he get?

Correct Answer: Rs.600

Explanation:

Number of shares =  14400 120 =120.


 


Face value = Rs.(100 x 120) = Rs.12000.


 


Annual income = Rs (5/100*12000) = Rs. 600


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