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Shares worth Rs.200 each were bought at ...

Shares worth Rs.200 each were bought at a premium of Rs.40. The dividend paid was `8%` per annum. Find the annual income per share. (in Rs.)

A

16

B

12.6

C

8

D

19.2

Text Solution

Verified by Experts

The correct Answer is:
A
Face value of each share = Rs.200
`"Dividend rate"=8%" per annum."`
`therefore "Annual income per share"`
`=8%" of (Rs.200)"= "Rs.16"`.
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