Arun owns 560 shares of a company. The face value of each share is Rs 25. The company declares a dividend of 9%. Calculate the dividend Arun would receive.
Answer & explanation
Correct answer: option 3
The correct answer is option (3) : ₹1260
Dividend on 1 share of $₹25 = ₹\frac{9}{100}×25$ $=₹2.25$
Dividend on 560 shares $=₹(560×2.25)$ $=₹1260$