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Stocks and Shares

Q1: 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:

A Rs. 207.40

B Rs. 648

C Rs. 534.60

D Rs. 655.60

ANS:C - Rs. 648

Number of shares = 4455 = 540.
8.25
Face value = Rs. (540 x 10) = Rs. 5400.
Annual income = Rs. 12 x 5400 = Rs. 648.
100



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