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12 Mar 2019

Shares and Dividend Practice Question - 5 (Grade 10)

A man invests 10,560 in a company, paying 9% dividend, at the time when its 100 shares can be bought at a premium of 32. Find:
(i) The number of shares bought by him.
(ii) His annual income from these shares.

(iii) The rate of return on his investment.

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