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A man invests 7770rs in a company paying...

A man invests `7770rs` in a company paying 5 percent dividend when a share of nominal value of `100rs` sells at a premium of `5rs`. Find.
(i) the number of shares bought
(ii) annual income
(iii) percentage income

Text Solution

Verified by Experts

The correct Answer is:
`(i)74` `(ii)370rs` `(iii) 4.76%`
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