47th B.P.S.C. (Pre) 2005
The market price of 1 share of Rs. 10 face value of a company is Rs. 25. The company declared a dividend of 10%. The dividend of 1500 shares of the company will be—
a3750
b15000
c7500
d1500✓ Correct
Explanation
Market price = 10 No. of shares = 1500 Market price of 1500 share = 15000 dividend = 10% Now dividend = $$15000 \times \frac{10}{100} = 1500$$
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