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Sachin invests Rs. 15,000 on buying Rs. ...

Sachin invests Rs. 15,000 on buying Rs. 100 shares of a company at a premium of Rs. 50 and gets `6 2/3%` per annum on his investment. Then the rate at which the company pays the dividend is _______.

A

`5%`

B

`8%`

C

`9%`

D

`10%`

Text Solution

Verified by Experts

The correct Answer is:
D
(i) `MV=FV+` Premium.
(ii) Use the following to find the rate of dividend.
`FVxx` Rate of dividend `=MVxx` Rate of return.
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