Question
Ajay bought an equity share whose face value is Rs.10 for Rs.250 and earned 50% dividend in year 1, 60% dividend in year 2, and
Ajay bought an equity share whose face value is Rs.10 for Rs.250 and earned 50% dividend in
year 1, 60% dividend in year 2, and sold it off after three years for Rs.300. What is the return
on his investment?
Step by Step Solution
There are 3 Steps involved in it
Step: 1
To calculate the return on Ajays investment we need to consider the purchase price ...
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Step: 2
Step: 3
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Financial management theory and practice
Authors: Eugene F. Brigham and Michael C. Ehrhardt
13th edition
1439078106, 111197375X, 9781439078105, 9781111973759, 978-1439078099
