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Find the annual dividend received by Nishita from 1200 preferred shares and 3000 common shares both of par value Rs. 50 each if the dividend paid on preferred shares is 10% and semi-annual dividend of 3½ % is declared on common shares.
- a)Rs. 18500
- b)Rs. 16500
- c)Rs. 14500
- d)Rs. 19500
Correct answer is option 'B'. Can you explain this answer?
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Verified Answer
Find the annual dividend received by Nishita from 1200 preferred share...
Total number of preferred shares = 1200
Face value = Rs.50
dividend paid on preferred shares is 10%
Dividend per share = 50 × 10/100 = Rs.5
Total Dividend = 1200 × 5 = 6000
Total number of common shares = 3000
Face value = Rs.50
Semi-annual dividend of 3½ % is declared on common shares.
semi-annual dividend per share =
50 × 7/2 × 100 = Rs.7/4
Total semi-annual dividend = 7/4 × 3000 = Rs.5250
annual dividend = Rs.5250 × 2 = Rs.10500
Total dividend on all all shares(preferred and common) = 6000 + 10500
= Rs.16500
Face value = Rs.50
dividend paid on preferred shares is 10%
Dividend per share = 50 × 10/100 = Rs.5
Total Dividend = 1200 × 5 = 6000
Total number of common shares = 3000
Face value = Rs.50
Semi-annual dividend of 3½ % is declared on common shares.
semi-annual dividend per share =
50 × 7/2 × 100 = Rs.7/4
Total semi-annual dividend = 7/4 × 3000 = Rs.5250
annual dividend = Rs.5250 × 2 = Rs.10500
Total dividend on all all shares(preferred and common) = 6000 + 10500
= Rs.16500
Most Upvoted Answer
Find the annual dividend received by Nishita from 1200 preferred share...
% is paid on common shares.
First, let's calculate the total investment made by Nishita:
Total investment = (1200 x 50) + (3000 x 50) = 60,000 + 1,50,000 = Rs. 2,10,000
Now, let's calculate the annual dividend received from preferred shares:
Dividend received from preferred shares = 10% of par value x number of preferred shares
= 10/100 x 50 x 1200
= Rs. 60,000
Next, let's calculate the semi-annual dividend received from common shares:
Dividend received from common shares per share = 3% of par value/2
= (3/100 x 50)/2
= Rs. 0.75
Dividend received from common shares per year per share = 2 x Rs. 0.75 = Rs. 1.50
Total dividend received from common shares per year = dividend received per share per year x number of common shares
= Rs. 1.50 x 3000
= Rs. 4,500
Therefore, the total annual dividend received by Nishita from both preferred and common shares is:
Total annual dividend = dividend received from preferred shares + dividend received from common shares
= Rs. 60,000 + Rs. 4,500
= Rs. 64,500
Hence, Nishita receives an annual dividend of Rs. 64,500 from her investment in 1200 preferred shares and 3000 common shares.
First, let's calculate the total investment made by Nishita:
Total investment = (1200 x 50) + (3000 x 50) = 60,000 + 1,50,000 = Rs. 2,10,000
Now, let's calculate the annual dividend received from preferred shares:
Dividend received from preferred shares = 10% of par value x number of preferred shares
= 10/100 x 50 x 1200
= Rs. 60,000
Next, let's calculate the semi-annual dividend received from common shares:
Dividend received from common shares per share = 3% of par value/2
= (3/100 x 50)/2
= Rs. 0.75
Dividend received from common shares per year per share = 2 x Rs. 0.75 = Rs. 1.50
Total dividend received from common shares per year = dividend received per share per year x number of common shares
= Rs. 1.50 x 3000
= Rs. 4,500
Therefore, the total annual dividend received by Nishita from both preferred and common shares is:
Total annual dividend = dividend received from preferred shares + dividend received from common shares
= Rs. 60,000 + Rs. 4,500
= Rs. 64,500
Hence, Nishita receives an annual dividend of Rs. 64,500 from her investment in 1200 preferred shares and 3000 common shares.
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Community Answer
Find the annual dividend received by Nishita from 1200 preferred share...
The dividend received on preferred shares =(1200*50)*10/100 =6000 and dividend received on common shares =(3000*50)*7/100=10,500
So total dividend =6000+10,500=16500
So total dividend =6000+10,500=16500
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Find the annual dividend received by Nishita from 1200 preferred shares and 3000 common shares both of par value Rs. 50 each if the dividend paid on preferred shares is 10% and semi-annual dividend of 3½ % is declared on common shares.a)Rs. 18500b)Rs. 16500c)Rs. 14500d)Rs. 19500Correct answer is option 'B'. Can you explain this answer?
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