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Find the income derived from 88 shares of Rs. 25 each at 5 premium, brokerage being (1/4) per share and the rate of dividend being 7(1/2) % per annum.

Correct answer: B. 165

  • A. 150
  • B. 165
  • C. 180
  • D. 201

Explanation

Dividend is calculated on the face value, not on the premium or brokerage. Each Rs. 25 share pays 7.5% x Rs. 25 = Rs. 1.875, so 88 shares give 88 x Rs. 1.875 = Rs. 165 per annum. The likely trap is option c, Rs. 180, which incorrectly includes the premium in the dividend calculation.

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