4.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: Option:B
Number of shares = (14400 / 120)
=120.
Face value =Rs.(100 ×120)
=Rs. 12000.
Annual Income = Rs.(5/100 ×12000)
