Stocks and Shares Practice Test 1

Question : 4 of 40

Marks: +1, -0

A man buys Rs. 25 shares in a company which pays 9% dividend. The money invested by the person is that much as gives 10% on investment. At what price did he buy the shares?

Rs. 22.50
Rs. 23
Rs. 23.50
Rs. 24

Validate

Solution:

Required cost of 1 share

={25× 9}/10

= Rs. 22.50

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