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A person buys 60 shares of a company o...

A person buys 60 shares of a company of FV= Rs 10 at MV= Rs 15 The company declares 12% dividen after receviing dividentd he sells the share at MV Rs 20 he invests the proceed to buy shares of another cmpany at MV = Rs 12 of FV = Rs 5 The company declares 8% divident what is the actual difference in the dividend received by the person in two companies ?

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The correct Answer is:
Rs 32 less in the second company
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