A man invested Rs. 14400 in Rs. 100 shares of a company at 20% premium. If the c

Question

A man invested Rs. 14400 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 ?

Options:

A . Rs. 500

B . Rs. 600

C . Rs. 650

D . Rs. 720

Answer: Option B

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