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Ml aggarwal solutions

CHAPTERS

A company declares 8 percent dividend to the share holders. If a man receives a Rs.2840 as his dividend, find the nominal value of his shares.

Given that rate of dividend = 8%

Also given that amount of dividend = Rs. 2840

Therefore nominal value of shares = (2840 × 100)/8

= Rs. 35500

Given that rate of dividend = 8%

Also given that amount of dividend = Rs. 2840

Therefore nominal value of shares = (2840 × 100)/8

= Rs. 35500

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