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Sashi bought Rs.16 shres of a company at...

Sashi bought Rs.16 shres of a company at `25%` dividend. Find the premium he paid for the shares (in Rs.), if he received `20%` rate of return.

A

4

B

3

C

6

D

5

Text Solution

Verified by Experts

The correct Answer is:
A
(i) Find the annual dividend from each share.
(ii) First of all, find the market value of each share.
(iii) Use, `"FV"xx"RD"="MV"xx"RR"`.
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