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    Question

    A company declares 8 percent dividend to the

    shareholders. If a man receives Rs. 2,840 as his dividend, find the nominal value of his shares.
    A 33500 Correct Answer Incorrect Answer
    B 37500 Correct Answer Incorrect Answer
    C 38500 Correct Answer Incorrect Answer
    D 36500 Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    Given Data Dividend % = 8% Total dividend received = Rs. 2,840 Nominal value per share = Rs. 100 Number of shares = x Use the Formula So, total Nominal Value Nominal Value = 355×100 = 35,500

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