A man invests Rs. 4455 in Rs. 10 shares quoted at Rs. 8.25. If the dividend rate is 12%, what is his annual income?

Step-by-step calculation

• Number of shares bought = 4455 / 8.25 = 540.
• Dividend per share = 12% of face value 10 = Rs. 1.20.
• Annual income = 540 × 1.20 = Rs. 648.

Quick reasonableness check

• Yield = 648 / 4455 ≈ 14.55% (plausible since price is below face value and dividend is 12%).

Final Answer
Rs. 648