Discussion :: Stocks and Shares
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A man invested Rs. 4455 in Rs. 10 shares quoted at Rs. 8.25. If the rate of dividend be 12%, his annual income is:
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Answer : Option C
Explanation :
Number of shares =\([ \frac { 4455 } { 8.25 }]=540\)
Face value = Rs. (540 x 10) = Rs. 5400.
Annual income = Rs.\([\frac { 12 } { 100 } *5400 ]\)= Rs. 648.
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