Kabir bought 120 shares of a company with nominal value ₹100, available at a premium of ₹25. Find:
(a) the money invested by Kabir in buying these shares.
(b) the rate of dividend, if he received ₹1,080 as dividend from these shares after one year.
(c) his rate of return.
(a) Market price per share = Nominal value + Premium
= ₹100 + ₹25 = ₹125
Money invested = 120 × ₹125 = ₹15,000.
(b) Let the rate of dividend be R%.
Dividend = Number of shares × \frac{\mathrm{R}}{100} × Nominal value
₹1,080 = 120 × \frac{\mathrm{R}}{100} × ₹100
1,080 = 120R
R = \frac{1080}{120} = 9
Rate of dividend = 9%.
(c) Rate of return = \frac{\text{Dividend income}}{\text{Investment}}\times100
= \frac{1080}{15000}\times100
= 7.2%.
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