Stocks and Shares Practice Test 2

Question : 32 of 36

Marks: +1, -0

An automobile company has issued 60,000 shares of par value of Rs 10 each. The company declared a total dividend of Rs 72,00,000. Find the rate of dividend paid by the company.

120%
20%
100%
1,200%
1.20%

Validate

Solution:

Rate of Dividend

={\total \dividend}/{ \Face \value \of 60,000 \share }×100

=720000/600000×100=120%

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