27.A man invested Rs. 4455 in Rs. 10 shares quoted at Rs. 8.25. If the rate of dividend be 12%, his annual income is
A. Rs. 207.40 B. Rs. 534.60
C. Rs. 648 D. Rs. 655.60
Answer:
Number of shares =(4455 /8.25)
= 540.
Face value = Rs.(540 x 10)
= 5400.
Annual income = Rs.(12/100 x 5400)
= Rs. 648.
