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A man invested Rs 14,400 in Rs 100 shares of a company at 20% premium. If the company declares 5% dividend at the end of the year, then how much does he get?

A.	Rs 500	B.	Rs 600
C.	Rs 650	D.	Rs 720

Answer and Explanation

Answer:Rs 600

Explanation:
No. of Shares = (14400/120) = 120
Face value = Rs (100 * 120 ) = Rs 12000
Annual income = Rs (5/100 * 12000) = Rs 600

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