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Rishi bought Rs. 50 shares of a company ...

Rishi bought Rs. 50 shares of a company for Rs. 75 each. The company pays a dividend of 12% per annum. The effective rate of return on his investments is _________.

A

0.06

B

0.08

C

0.09

D

0.1

Text Solution

Verified by Experts

The correct Answer is:
B
(i) Same as Question No. 6
Use the following formula to find the rate of return.
`FVxx` Rate of dividend `=MVxx` Rate of return.
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